A Payment Gateway API is a powerful tool that allows your online platform to communicate with the payment processor securely and seamlessly. It acts as a bridge between your website or application and the financial institution, facilitating real-time transaction processing.
Let’s be frank here. Choosing the best payment gateway for your online store is crucial for the success of your business. An ecommerce payment gateway acts as the bridge between your website and your customers’ payment methods, allowing you to securely process transactions.
When it comes to online gambling platforms, the role of an online payment gateway is to serve as an intermediary between the player and the platform. In this context, it will process the payments securely and allow the players to deposit money.
There’s no denying that online shopping is an integral part of our lives. Whether you’re buying clothes, electronics, or even groceries, the convenience of ecommerce is hard to ignore. However, behind the scenes lies a complex system known as ecommerce payment processing.
A payment gateway is a technology that enables online businesses to receive and handle diverse electronic payment methods on their websites. Essentially, it is an intermediary between the merchant and the customer’s preferred payment network.
The ACH stands for automatic clearing house, and it is a method used to complete bank-to-bank transactions. It’s been around since the seventies in the U.S., and using the ACH network can be quite beneficial.
Chargebacks are officially demanded reimbursements claimed by cardholders dissatisfied with the merchant’s goods or provided services. As most businesses nowadays accept card payments, chargebacks are a looming threat for most merchants.
A Payment Service Provider (or PSP for short) is a third-party company or entity that offers businesses and individuals solutions for receiving and handling electronic payments, for example, credit and debit card transactions.
Technology keeps improving by the day, and it affects every single aspect of our lives. At the same time, new technology is prone to fraudulent activities. People have yet to learn about what it has to offer, and there are those who are looking to exploit the situation.
In the past couple of years, you’ve probably heard the term due diligence or customer due diligence. Are you looking for a customer due diligence definition? How does this affect companies? And is every company affected? When should customer due diligence be performed?