What is Payment Gateway?

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

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

Security is a main aspect of all payment gateways as confidential data such as credit card details need to be safeguarded from fraudulent entities. The card associations have stipulated security rules that must be followed 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
$395
83%
Phone
8.8
by quote
98%
Phone
8.3
by quote
99%
Email
9.0
by quote
99%
Email
8.2
by quote
100%
Phone
5.0
$10
N/A
Phone
8.7
by quote
100%
Phone
9.0
by quote
98%
Email
7.0
$5
94%
Tickets
8.5
£13
95%
Phone
8.9
by quote
N/A
Tickets
8.6
by quote
97%
Phone
8.8
£19.95
94%
Training
9.0
by quote
82%
Email

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