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As a business owner, you must have a clear understanding of how onlinepaymentsprocessing works to be able to create a hassle-free checkout process that will keep buyers coming back to your eCommerce store. Talk to sales How OnlinePaymentProcessing Works On the surface, online credit card processing happens in seconds.
Meanwhile, a payment gateway is the technology that authorizes and processespayments between a buyer and seller by securely transmitting paymentdata. How Can Internet Card PaymentProcessing Help My Business? Together, these three parties facilitate the onlinepaymentsprocess.
They act as a bridge between traditional paymentprocessing and onlinepayment possibilities. With seamless onlinepaymentprocessing, streamlined processes, and enhanced operational efficiency, online terminals simplify transactions, bolster security, and provide valuable insights into customer behavior and sales trends.
Security features Your payment services provider must be PCI-DSS compliant as a bare minimum requirement, and it should have other robust security features that are standard practice in your industry niche. Step 3: Backup your existing paymentdata We all hope for a hitch-free data transfer, but that’s not always the case.
These are solutions that help you authenticate and accept payments according to your business requirements. They will also help you stay compliant with certain rules and regulations, including the various fees applicable to onlinepaymentprocessing. Easy switch between POS and mobile payments using the Stax app.
How to Define a Payment Gateway. One can define a payment gateway as the technology capturing and transferring onlinepaymentdata from the customer to the acquiring bank account. In essence, it is a payment highway. On-Site Payments. Safety: PCIDSS Compliance Level.
As a payment business dealing with card transactions processing, you’re subject to PCIDSS certification. Partner and integrate with banks, payment providers, gateways, systems, processors, and other solutions to make your offering competitive.
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