A means of permit credit card or other forms of electronic payments. These E payments can be made offline or online via a website or at an actual snag and pounder retail foundation. Payment gateways help to protect sensitive information like credit card numbers and other account information by encrypting the data they transmit to merchants and payment processors.
Payment Gateways are software API that transmit Transaction info to proceeds Banks and responses from issuing banks. Really, Payment Gateways facilitate communication within banks.
Security is an integral factor of all payment gateways, as sensitive data such as Credit Card Numbers need to be safed from any fraudulent parties. The card associations have created a set of rules and security standards which must be followed by anyone with reach to card information including gateways. This set of rules and security standards is called the Payment Card Industry Data Security Standard.
Submitting an order is usually completed using HTTPS protocol, which securely inform personal info through the parties rolled in the Transaction. Many Payment Providers, such as 2Checkout, enable Merchants with added options when a cardholder purchases a service and product. Aside from providing the strength for real-time transactions, these providers can help to translate currencies between two sides in different countries, as well as bridge language and payment methods. Payment gateways usually charge those who use them a per transaction fee.