Payment gateways and payment processor are two key connections in the payment processing chain. As a business owner, you've most likely heard these terms and wondered what the difference is.
We're here to help.
Let's begin here: There are four parties involved with every credit card exchange:
The role of payment processors and payments gateways differ, yet each is an indispensable component in accepting payment online.
To accept credit cards at your business, you'll set up an account with a merchant service provider like BluePay. The payment processor executes the exchange by transmitting information between you, the merchant; the issuing bank (i.e., the bank that issued your customer's credit card); and the securing bank (i.e., your bank). A payment processor likewise normally provides the credit card machines and other equipment you use to accept credit card payments.
A payment gateway securely authorizes payments for e-commerce websites. Consider it an online purpose of-sale terminal for your business. When you agree to accept a merchant account, your provider could possibly offer a payment gateway.
Since BluePay is an across the board provider, we have our own particular payment gateway that is available to our merchant account holders. The BluePay gateway can be used in a retail environment with a swipe reader. It's integrated into several POS systems and can process PIN debit exchanges. Utilizing a payment gateway to securely process integrated payments can reduce errors, speed up exchange processing, and ease reconciliation.
On the off chance that you would prefer not to invest in terminals, or on the off chance that you don't have an e-commerce website, you can use the BluePay gateway's Virtual Terminal to process exchanges as long as you have an Internet connection.
The most widely recognized use of a gateway is an e-commerce store on the internet. In case you're not an e-commerce business, you may not need a payment gateway. A fundamental merchant account might be best; search for a merchant account that has reasonable payment processing rates, day in and day out customer service, and PCI-consistent processing.
Then again, a payment gateway is most likely in your future in case you're an e-commerce site. Not all merchant account providers have a payment gateway. Some providers use an outsider payment gateway, which can be a hassle when you have a dispute. Who would it be a good idea for you to contact when you have a problem?
We're here to help.
Let's begin here: There are four parties involved with every credit card exchange:
- The merchant
- The customer
- The getting bank that provides the merchant's processing services
- The issuing bank that issued the customer's credit card or debit card
The role of payment processors and payments gateways differ, yet each is an indispensable component in accepting payment online.
What Is a Payment Processor?
To accept credit cards at your business, you'll set up an account with a merchant service provider like BluePay. The payment processor executes the exchange by transmitting information between you, the merchant; the issuing bank (i.e., the bank that issued your customer's credit card); and the securing bank (i.e., your bank). A payment processor likewise normally provides the credit card machines and other equipment you use to accept credit card payments.
So What Is a Payment Gateway?
A payment gateway securely authorizes payments for e-commerce websites. Consider it an online purpose of-sale terminal for your business. When you agree to accept a merchant account, your provider could possibly offer a payment gateway.
Since BluePay is an across the board provider, we have our own particular payment gateway that is available to our merchant account holders. The BluePay gateway can be used in a retail environment with a swipe reader. It's integrated into several POS systems and can process PIN debit exchanges. Utilizing a payment gateway to securely process integrated payments can reduce errors, speed up exchange processing, and ease reconciliation.
On the off chance that you would prefer not to invest in terminals, or on the off chance that you don't have an e-commerce website, you can use the BluePay gateway's Virtual Terminal to process exchanges as long as you have an Internet connection.
Payment Processor versus Payment Gateway: Which Do I Need?
The most widely recognized use of a gateway is an e-commerce store on the internet. In case you're not an e-commerce business, you may not need a payment gateway. A fundamental merchant account might be best; search for a merchant account that has reasonable payment processing rates, day in and day out customer service, and PCI-consistent processing.
Then again, a payment gateway is most likely in your future in case you're an e-commerce site. Not all merchant account providers have a payment gateway. Some providers use an outsider payment gateway, which can be a hassle when you have a dispute. Who would it be a good idea for you to contact when you have a problem?
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