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 customer’s credit card payment. A payment gateway can also process payments using means such as eCheck (ACH) payments and debit cards. The main function of the payment gateway is to safely transmit the consumer’s sensitive credit/debit card and bank account data to the issuing bank and other entities involved in the payment.

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

Security is a main element of all payment gateways as confidential information such as credit card details need to be safeguarded from fraudulent entities. The card associations have stipulated security standards that must be adhered to by all entities with access to card details including gateways.

List of Payment Gateway Software Companies

Product name:
Category:
Smart
Score:
Price:
User
Satisf.
Support:
8.7
by quote
100%
Email
9.0
by quote
98%
Phone
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

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