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Jul 12, 2024 · A payment gateway collects payment details like credit card information, authorises a payment through different payment methods while the payment processor contacts the customer’s bank and the merchant account which is housed at the acquirer bank.
Mar 5, 2024 · Learn what a payment gateway is, how it differs from a payment processor, and how it works in physical and online stores. See examples of payment gateway technologies, such as Square Reader and Stripe, and their fees and features.
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- Hosted payment gateway. A hosted payment gateway is a payment processing solution where a third-party service provider hosts the payment system for your businesses, post which you integrate the payment system onto your websites or mobile application.
- API-hosted payment gateway. An API-hosted payment gateway is a payment gateway that processes payments through an Application Program Interface (API), thereby enabling customers to stay on the merchant’s website throughout the checkout experience.
- Self-hosted payment gateway. A self-hosted payment gateway is a solution that empowers businesses to effectively and securely maintain full control over the entire payment process.
- Local Bank integration gateway. Local bank integration gateway is a payment processing solution that enables businesses to integrate with local banks to facilitate online payments, ensuring seamless and region-specific transaction processing.
Feb 13, 2024 · We've prepared a list of India’s best payment gateways, along with their features, accepted payment choices, fees, pros and cons, and things to consider when choosing the best one for your business.
Jan 24, 2024 · Payment gateways operate by verifying customer payment details, ensuring adequate funds are available and enabling businesses to receive the money. They also incorporate security measures to prevent fraud .
Merchant or Vendor. It's an e-commerce company selling products or services. Buyer or Cardholder. As the name implies, it's a customer buying the goods. Issuing bank. It's a financial institution where the buyer has an account. Card companies. They manage bank cards. These companies are Mastercard, Visa, Maestro, and American Express.
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Oct 16, 2023 · Payment gateways are important components of payment processing. Here's what businesses need to know about payment gateways.