Just like a checkout counter at a supermarket, the Payment Gateway provider allows shoppers who have placed things in their shopping carts to pay for those items. Customers who have filled up their shopping carts online head over to the Gateway, where they will need to provide their credit or debit card details in order to pay. The Gateway verifies the cardholder’s information with the financial institution and generates an approval (or a denial) in real time. The eCommerce payment gateway is essentially the link between your online shopping cart and the merchant account or credit card processor. Imagine a “wire” through which all the credit card information is transferred. The eCommerce payment gateway is where the magic happens.
Ecommerce payment gateway
Ecommerce merchant accounts
Every online store needs an ecommerce merchant account that serves as an intermediary, taking funds from the customer’s credit or debit card to the merchant’s bank account. The only way for a merchant to get paid is by using an ecommerce merchant account. GBO assistance with finding payment solutions can provide you with excellent ecommerce merchant account options, although you may use any provider of you choice.
Choosing the Right Online ecommerce Payment Gateway provider:
An excellent way to differentiate yourself from your competitors, retain and even increase control over your relationships with merchants is by offering fully branded, ecommerce Payment Gateway Services, expertise and support. Offer merchants a one-stop shop for all of their payment and fraud-prevention needs and stay ahead of your competition.
FAQ
Merchant account opening for ecommerce websites
GBO can assist and find for ecommerce business merchant accounts solutions that have great advantages:
- Keep things simple by choosing GBO’s assistance with finding merchant account as well as payment gateway. If there is ever an issue with your payment processing, you are only one phone call away from fixing it.
Merchant account ecommerce
If you are accepting credit card payments online, you need a merchant account. GBO offers assistance with finding online payment solution, including Payment Gateway ecommerce and merchant account processing for online businesses around the world. Our assistance with finding merchant accounts are designed for ecommerce merchants, so there are no surprises when it comes to fees. Do you already have a merchant account and are only looking for a payment gateway? No problem.
Best E-Commerce Merchant Account Providers
In today’s technology era, your business needs some kind of web presence in order to remain competitive in the modern marketplace. Whether you have a full website, an online directory listing or a social media profile, your company’s online presence enables customers to find you online, research your products or services and contact you over the internet. If you want to allow customers to conveniently purchase your products online, rave publicly about how great your products are and share their positive experiences with others, then you may want to build a fully functional e-commerce website. Setting up an ecommerce online merchant account may often seem like a complex and risky issue, especially in terms of security and maintenance costs. If you already have a successful ecommerce website, you may think it’s not worth it to switch processors just to establish an internet storefront. That is why we have reviewed and gathered the best payment gateway solutions for ecommerce. We recommend payment processors which provide quality merchant services to large companies as well as small start-ups in various industries, from low ecommerce risk to high risk, gaming and forex companies.
Ecommerce payment gateway integration
Payment gateways and shopping carts work in two different stages of the transaction process. A shopping cart allows customers to select an item or items for purchase and it calculates the total cost of the transaction including shipping and handling and any applicable taxes. Once the shopping cart has calculated the total cost of the order, the customer is directed to the checkout counter, where he or she will be instructed to enter their payment details, which are then collected and managed by the Gateway as mentioned earlier.
Payment gateway vs. merchant account for ecommerce websites
Payment gateways are an essential component of the e-commerce merchant account, as a tool for handling payment information. The merchant account service however, goes well beyond handling the information gathered from the cardholder. It allows an ecommerce merchant to accept credit or debit cards, as well as any other payment method, such as alternative payments and ewallets, by connecting the merchant’s virtual check-out tools with a processing bank. This processing bank acquires the transaction and transfers the funds equal to the transaction amount minus any processing fees, to the merchant’s account.
Ecommerce high risk merchant account services provide a merchant with the ability to process an entire transaction, from the moment the information is captured at the point of sale (whether physical or virtual), to the settlement of funds.
Ecommerce credit card processing comparison
While all ecommerce credit card processing companies offer all-in-one credit card processing, they each have their own strengths and weaknesses and they may or may not match your company’s e-commerce needs, therefore it is important that you research providers carefully in order to determine which one is the best match for you. GBO professional client managers can assist you in comparing the best ecommerce payment gateway providers and best merchants accounts suppliers. You can also pick and visit an ecommerce expo and get more information before you decide what to do.
Can’t I just accept PayPal on my site?
Using a merchant account offers many advantages over using PayPal. A merchant account allows your customers to go through a streamlined checkout process without intervention of a third-party. It makes your company look more professional, more established and gives it a more credible appearance, thus increasing your conversion rate.
Why is it important to have my own ecommerce merchant account?
- Customers prefer making purchases using a credit card rather than an alternative payment method.
- With a merchant account, you have complete control over your funds. All sales are deposited directly into the checking account of your choice.
- There is no need to transfer funds from one account to another.
- Our easy-to-use gateway interface allows you to manage your transactions and monitor and control payments.
- Merchant accounts give you access to a set of advanced fraud-prevention tools that allow you to manage fraud and protect your business and your assets.
- Without caps on volume, you can grow your business without limit.
- Funds are automatically deposited directly into the checking account of your choice, so you get your money quickly.