What is Payment Gateway?

A payment gateway is a software platform that acts as a medium between an e-commerce seller’s website and the bank that processes a consumer’s credit card payment. A payment gateway can also process payments using methods such as eCheck (ACH) payments and debit cards. The main task of the payment gateway is to securely transmit the customer’s private credit/debit card and bank account details to the issuing bank and other parties involved in the transaction.

Payment gateways dispatch transaction information to acquiring banks and replies from issuing banks about whether a payment is approved or declined. In short, payment gateways assist communication between banks.

Security is a main aspect of all payment gateways as sensitive information such as credit card numbers need to be protected from fraudulent parties. The card associations have stipulated security standards that must be adhered to by all entities with access to card data including gateways.

List of Payment Gateway Software Companies

Product name:
Category:
Smart
Score:
Price:
User
Satisf.
Support:
8.5
£13
95%
Tickets
8.9
by quote
N/A%
Training
8.6
by quote
97%
Email
8.8
£19.95
94%
Email
9.0
by quote
82%
Email
8.9
by quote
93%
Tickets
9.0
by quote
100%
Email
8.9
by quote
89%
Training
9.0
by quote
97%
Live support
9.0
by quote
97%
Email
9.1
by quote
98%
Training


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