Payment Gateway Systems is a merchant service provided by the e-commerce application service provider that authorises credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers but can be provided by a specialised financial service provider as a separate service, such as a payment service provider.
Features:-
- They curb fraud cases since they have tools that prevent fraud.
- They also have the capability of processing electronic checks. These provide an alternative to credit cards.
- For people conducting business on a regular basis, there is a tool that makes an automatic billing saving your time.
Benefits:-
- It has low buying rates for its clients making it suitable for all customers.
- Pricing mode is low as a result of competition resellers.
- The low rates have attracted a big market that makes Authorize.net a major player in online payment.