The feature automates the payment transaction between the shopper and merchant. It is usually a third-party service that is actually a system of computer processes that process, verify, and accept or decline credit card transactions on behalf of the merchant through secure Internet connections. The payment gateway is the infrastructure that allows a merchant to accept credit card and other forms of electronic payment. The payment gateway automatically batches the transaction or a batch is created by the merchant. Batch refers to a group of transactions in a specific duration of time, usually at the end of the day or auto batched at a specified time.
The transaction is then forwarded to the processor. This is when the credit card bank gets a notification to charge the account. The money is then kept in the online merchant account until it is sent to the account-holder's regular bank account via an electronic funds transfer (EFT)
Selection of a suitable payment gateway or bridge is among the most important E-Commerce decisions that links your website to your bank's credit card processor. A wrong choice can be fatal. Make sure you find out about all options, check to see if they work together, find out about integration of merchant account with transaction gateway, processor and shopping cart.
Supported Payment Gateways:
The following is a list of real-time payment systems that have been integrated with our system. Activating any of these is typically just a matter of entering your account information.
Some of the payment gateways allow you to batch process multiple, pre-authorized orders, a feature that can dramatically speed up the task of managing your daily orders.
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