article thumbnail

What is a Payment Processing System and How Does It Work?

Stax

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor.

Process 88
article thumbnail

How To Find the Best Payment Gateway for Your Business in 2025

EBizCharge

Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Strong encryption builds trust with customers and reduces the risk of data breaches. How much does a payment gateway cost?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

POS Systems For Retail Stores: How They Work And How To Select The Best System For Your Business

Stax

Budget considerations POS systems vary when it comes to cost. Its vital to evaluate the upfront and ongoing costs to choose one that matches your budget. Heres a breakdown of cost structures to expect: Upfront pricing – Mostly adopted by traditional POS system providers.

article thumbnail

How Companies Make Revenue from Payments and the Different Business Models

Clearly Payments

It encompasses various elements, including the target customer segment, value proposition, distribution channels, revenue streams, key resources, and cost structure. A business model is a holistic framework that describes how a company creates, delivers, and captures value.

article thumbnail

Best Online Gaming Payment Gateway: Secure Payment Solutions for Gamers

Segpay

Here’s how it works: Encryption & Secure Transmission: The payment gateway encrypts the player’s payment details and securely transmits them to the payment processor. Tokenization & Encryption All sensitive payment data is encrypted and tokenized, reducing the risk of data breaches.

article thumbnail

What is a White-Label Payment Gateway?

Ikajo

Acting as a virtual bridge, it encrypts sensitive data, such as credit card details, and ensures its secure transmission for authorization and processing. Since there are no upfront development costs, clients can focus their resources on other critical aspects of their business.

article thumbnail

What is a Payment Facilitator: Understanding PayFac

EBizCharge

Cost structure: PayFacs may offer competitive pricing models due to their aggregated volume and often cater to niche markets. PayFacs are well-equipped with advanced tools and protocols, such as encryption technologies and fraud detection systems, to protect against fraud and data breaches.