CMS and E-commerce

Payment Gateway System

As our promise, this articles will be describing about payment gateway, another payment system you could consider when building a reliable e-commerce.

A payment gateway is a real-time payment system that can be directly integrated into your own site, resulting in a process that’s more professional and seamless. Instead of sending the user away, in the hopes they come back, transaction data will be transmitted behind the scenes and the customer won’t leave your site at any point in the entire process.

A gateway will offer much better fraud prevention, among other extra features (more on fraud protection in the next section). The gateway will deposit your monies into a merchant account automatically, normally charging less per transaction than payment processors do.

On the other side of the equation, a payment gateway may have higher setup costs and will require more programming to integrate the system into your site. They also require a merchant account, which is an account into which credit card charges can be deposited and refunded (for customer returns). You may or may not be able to use your business bank as your merchant account, depending upon your bank.

There are tons of payment gateways available; some gateway systems are actually resold through other vendors, giving you the ability to shop around for the best deal. Authorize.net perhaps the could be the example of good payment gateway.