Payment Gateway - Business Globalizer

In this contemporary era, businesses need to accept payment from all over the world. That is why a payment system or gateway is the best solution for them. Generally, in a cash counter, you need to conduct some individuals or salespeople to maintain the payment as well as accounts. Payment Gateway made the whole process faster and reliable. Some other significant features of Payment Gateways are-

• Worldwide supported
• Easy To Access
• Hassle-free Payment
• Most Modern Front End Technology
• Risk-Free Payment
• Suitable for both Physical and Online Stores
• Flexible Mobile Payment
• Supports Wide Range of Payment Method

A Payment Gateway works as like a third party, who accept payments from the customer and transfer to the merchants. Generally, in a conventional card payment system, people need to put a signature or payment through magnetic stripes. On the other hand, payment gateways use Personal Identification Number (PIN).

Two types of Payment Gateways may be available.

1. In-store Payment Gateways
2. Online Payment Gateways

Online Payment Gateways need an Application Programming Interface (API), which connects the website to the customer’s payment processing network.

In the case of in-store Payment Gateways, use a POS terminal that connects to the payment processing network electronically either with a phone or an internet connection.