Why Payment Gateway is Doubtlessly Important for your Online Business?

Payment gateway refers to an e-commerce service that process, verify and accept or decline direct payments or credit card processing on behalf of merchants using secure internet connections. It is assigned to fulfill the important roles in e-commerce transaction process between merchant and customer. It is used to help facilitating online transactions and get approved by issuer bank.

A payment gateway is important in e-commerce as it helps to transfer the information regarding a transaction between payment portal and the front-end processor or bank.

It uses special encryption and verification technology since online shopping will involve with distance and anonymity. It is to ensure the legitimate transactions is securely transmitted to processor.

Why your businesses needs it?

Using payment gateway can help to lessen frequency and severity of credit card fraud within e-commerce business. Payment gateway allows the merchants to process credit, debit and other alternative online payments.

Payment gateway acts as the go-between to make sure that customer data is encrypted and secure. There are some reasons of using a payment gateway.

Setting up a payment gateway is very easy for merchant who already have an account and website. It also requires slight maintenance.

Since majority of online retailers are using payment gateway, it will be easy for merchants because most online shoppers are already familiar with the technology.

Using payment gateway also allows the customers to stay at merchants’ site without troubling of pop up to new pages. Merchants can control and customize their checkout pages which is an advantage for them.

Getting the payment gateway

Payment gateway can also protect your online business from fraud. When choosing the right payment gateway, merchants need to look for PCI-compliant and SSL certificates in order to avoid security problem.

Choosing the suitable payment gateway solution for your business can often determine the success of your online business.

Above all, when merchants are looking for suitable and the best payment gateway, they need to know why they choose the payment gateway and what are the services provided by the payment gateway provider.

For example, what are the features that they will give to a business, the pricing and other things that they need to look for before integrating them to one. This is important for them to avoid changes of the service.

Figuring out the right payment end for online store will be the key to the long term success for your online business.

To find out more about payment method for your business, contact Razer Merchant Services. We are very happy to assist you.