MPS GATEWAYS FOR WEBSITES MERCHANT SERVICES
Gateways for Websites
The Internet and eCommerce have radically transformed the way merchants sell and consumers buy.
Today, customers can buy online from the convenience of their cellphones and homes by using credit cards.
The most important piece of equipment (software) is the payment gateway.
What is a merchant payment gateway?
A payment gateway is a software application that acts as a conduit between an eCommerce merchant’s website and the bank that will authorize (or decline) a customer’s credit card payment.
Regardless of the payment method used, the primary function of the payment gateway is to securely transmit sensitive credit/debit card or bank account information from the customer to the customer’s issuing bank and all other parties that are involved in the transaction.
Features of a payment Gateway:
Encryption: All payment gateways encrypt sensitive credit card information before they pass it along to the processing bank.
A gateway leaves NO Customer Data on your Website or Computer but securely resides behind the gateway’s firewall.
Virtual Terminal: A virtual terminal is a browser-based version of the physical credit card terminal. A virtual terminal allows you to input a customer’s credit card information and process a transaction directly through your computer’s web browser via an online web form.
Virtual terminals can also be set up to run on mobile devices, including smartphones and tablets. In a retail setting, you can attach a USB-connected credit card reader and take advantage of lower, swiped (or card-present) processing rates.
Important aspects of a merchant payment gateway
Recurring Billing: Subscription-based pricing is more popular than ever, and a recurring billing feature can allow you to automate this process.
You can also customize things like billing intervals and set up trial periods for your subscriptions or installment payments.
One-Button Payment: One of the most appealing features of payment gateways is that they’re generally “plug and play,” meaning you can set them up on your website without having to do any coding.
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