2. ● For brick-and-mortar-based small businesses
seeking to expand online, payment gateways are a
vital part of payment processing.
● However, many small business owners who have
not expanded online may be confused about the role
a payment gateway performs.
3. ● In general, a payment gateway is a system that
allows merchants to accept payments online from
customers, acting as the online equivalent of the
traditional store’s cash register or point-of-sale
system.
● In a typical transaction, the customer selects
products from the merchant’s online storefront,
places the products in his or her online shopping
cart, and enters appropriate payment and shipping
information.
● The information is then sent via the payment
gateway to the customer’s financial institution and,
if approved, the merchant is notified of the payment
and the product to ship to the customer.
4. ● Thus, the payment gateway serves as the
intermediary facilitating the transaction between the
consumer’s online shopping cart, the business’
merchant account, and the consumer’s financial
institution.
● However, in performing this role, it is also
responsible for ensuring its communications are
reliable and secure in order to prevent interception
or other loss of data.
5. ● Merchant Services Direct provides an array of
payment processing options for businesses—
including check, debit, and credit card processing—
and payment gateway solutions. Businesses seeking
more information should visit
www.msdmerchants.com.
6. ● Merchant Services Direct provides an array of
payment processing options for businesses—
including check, debit, and credit card processing—
and payment gateway solutions. Businesses seeking
more information should visit
www.msdmerchants.com.