What is Payment Gateway?

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

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

Security is a main element of all payment gateways as private information such as credit card details need to be sheltered from fraudulent parties. The card associations have stipulated security regulations that must be followed by all entities with access to card information including gateways.

List of Payment Gateway Software Companies

Product name:
Category:
Smart
Score:
Price:
User
Satisf.
Support:
8.9
by quote
93%
Tickets
9.0
by quote
100%
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8.9
by quote
89%
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9.0
by quote
97%
Phone
9.0
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97%
Live support
9.2
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98%
Training
7.5
by quote
100%
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8.3
by quote
100%
Phone
8.6
by quote
100%
Email
8.8
By quote
98%
Live support
8.2
$0.30
97%
Tickets
7.7
$29
100%
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