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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

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Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Also, check for Buy-Now Pay-Later (BNPL) support for customers who may like to have flexible payment options. Learn More What is a Payment Gateway?

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The Ultimate Guide to Ecommerce Payment Solutions

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They can range from traditional payments, such as credit/debit cards and ACH payments , to modern alternative methods, such as digital wallets, mobile transactions, Buy Now Pay Later (BNPL), and cryptocurrency. Businesses using self-hosted gateways must handle data security measures and comply with industry standards like PCI DSS.

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The Anatomy of a Credit Card Transaction

Clearly Payments

PCI DSS Compliance : Merchants and payment providers must adhere to Payment Card Industry Data Security Standards (PCI DSS) to protect cardholder data. Support multiple payment methods, including credit cards, digital wallets, and buy-now-pay-later (BNPL) options.

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Beyond the Firewall: Rethinking Payment Data Security

Finextra

Standards like PCI DSS don’t currently mandate tokenisation for bank details, but forward-thinking organisations aren’t waiting for legislation to catch up. From Niche to Necessity While tokenisation is already well established in card payment systems, its adoption for bank account data is only just beginning.

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The Ultimate Guide to Online Payment Processing

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There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Popular BNPL service providers include Klarna, Afterpay, and ClearPay.

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NetSuite Payment Methods: The Collection Tools That Actually Work

EBizCharge

Buy now, pay later (BNPL): BNPL is gaining popularity since it allows customers to make purchases and pay over a more extended period. BNPL can boost sales by offering more payment options, driving customer satisfaction and business growth. These transfers also help merchants maintain control over financial processes.

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The Top Payment Methods For Small Businesses

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TL;DR You get to choose from traditional payment methods like cash and checks, online payment methods like digital wallets and ACH transfers, and emerging payment methods like BNPL services and cryptocurrencies.