Online Payment Gateway

Video Transcription

Good day, thank you for joining us. Today we are going to take a moment and we are going to talk about Online Payment Gateway. What do we mean when we talk about Online Payment Gateway? Well their some of the things we need to consider when looking to add an Online Payment Gateway to our website.

Think of any retail location you might have been in, in that location they typically right up by the cash register have a point of sale device. That point of sale device captures your credit card information when the card is swiped it sends that information off to be authorized and at the end of the business day; it help facilitate the merchant getting the funds deposited to their bank account.

When we talk about an Online Payment Gateway, we are of course talking about an online environment, a virtual environment meaning a traditional point of sale terminal isn't an applicable solution. I have a website, I sale comic books I have no means to capture credit card information in a point of sale terminal because I'm selling via a website. That's where the online Gateway payment comes in. As you might have guessed by now online payment gateway is simply software that integrates into your website and it performs the exact same role that the stand alone point of sale terminal does. It facilitates the authorization, and the settlement of credit card transaction.

Now there is a whole bunch of different payment gateway that out there. Names you might be familiar with: PayPal, celadon card, authorized.net, its important when you go down a path and choosing a payment gateway that payment gateway is compatible with your credit card processor. Compatible or the word we use in the industry certified simply means that that payment gateway meets the security requirement of that the credit card processor question, the second thing is is it able to communicate sends in information back and forth with that payment processor you're currently using.

So before you jump into bed with an online payment gateway as it were, make sure it's certified with who you're using. If it is not certified, you have one of two choices; you can A pursuit getting the gateway certified quite often I'll say costly and it's quite and extensive route to take. The second choice is to do select a payment processor that works with a choosing gateway, the simplest choice is to ask your payment processor for a list of certified gateway they've work with and pick from there.

So again, when we talk about online payment gateway, we are simply talking about the ability to accept credit card payments in an online environment; we are talking about the software that replaces the traditional stand-alone device. Thank you.

If you are currently operating a website that accepts credit and debit cards or would like to enable a new website to do so, Quantum offers an innovative payment gateway solution. There are numerous considerations with respect to selecting the appropriate payment gateway and a Quantum representative would be more than happy to assist.