What is Payment Gateway?

A payment gateway is a software application that acts as a channel between an e-commerce merchant’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 purpose of the payment gateway is to safely transmit the consumer’s private credit/debit card and bank account information to the issuing bank and other entities 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 aspect of all payment gateways as private information such as credit card numbers need to be safeguarded from fraudulent parties. The card associations have determined security rules that must be adhered to by all parties 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
89%
Phone
9.0
by quote
97%
Email
9.0
by quote
97%
Phone
9.2
by quote
98%
Phone
7.5
by quote
100%
Email
8.3
by quote
100%
Email
8.6
by quote
100%
Email
8.8
By quote
98%
Live support
8.2
$0.30
97%
Tickets
7.7
$29
100%
Email

Page last modified

Selected products (0)