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.

Payment System

As with your choice of a Web-hosting company, the payment system you use for your e-commerce site will have a significant impact on the end result. This is not to say that the site will be married to a single payment system for eternity, but as with any divorce, ending a relationship with a payment system can be tedious and costly for your business.

There are two broad types of payment systems, which are frequently known by a variety of names but can be described as either a payment processor or a payment gateway.

PCI Compliance Issues

Continuing our previous articles about legal issues, there is another legal issues you need to know, PCI Compliance. PCI DSS, is short for Payment Card Industry Data Security Standard. This is a specific set of rules for ensuring secure, proper handling of credit cards by all commercial vendors. Any company that processes, stores, or transmits credit card information must follow these guidelines, thereby being PCI compliant.

You absolutely do not want to store the user’s credit card information! There are companies that do that, yes, but that’s their full-time job and they have the knowledge, resources, and money to do that properly. Still, even taking credit card information on your site and passing it off to another company means you should be PCI compliant. The specific requirements differ based upon what you actually do with credit cards and how many transactions per year you process.