Website payment gateway – Easiest way to shop

Website payment gateway is third party software which helps in accepting payments via debit and credit cards. It acts as virtual bank which is mutually decided between the both the parties including the bank and the website through which the payment has to be done.

Although there are many companies providing these services but the best online payment gateway would make sure that the payment is completed in the minimal time period and is successful. The cases in which the payment would not be completed through website payment gateway are when the credit cards details are incorrect, there is some fault in the card or the customer has insufficient balance. Another reason could be when it is not the fault of the customer i.e. when the payment gateway throws an error. This occurs when the payment gateway is not able to establish a connection with the bank.

These website payment gateways are designed keeping in mind that theywould be handling real time money and people hence it can’t afford to commit mistakes. These software’s have smoothened the process of online payment by making it faster as well as secure. All the data which is passed on through this gateway and merchant account is kept highly confidential and secured so that no one can access of it and misuse the data. This data is real time money of customers and if some transaction goes wrong then the bank has to bear the debt. Now you can easily enter all details and make all type of payments.

Third Party Merchant Accounts are Very Quick and Safe

Shopping online is on a boom these days. But in the case when we shop online or in the traditional way thenwe need the use of payment gateways and merchant accounts.

A merchant account and payment gatewayacts a virtual bank as the actual bank cannot be connected to every website or every credit card swiping machine. When you would enter your card details it would validate all the details of the card and the associated bank. After the validations have been completed then only the payment goes through. This merchant account and payment gateway setup is done with mutual consent between both the parties – the bank and the website through which the payment would be done. This helps in reducing the work load of the bank as now when the transactions would be reaching it; they would already have been validated and verified. The bank just has to process the request and debit the money. This software’s are designed with great care and safety. They make sure that no data can be leaked and is in encrypted form.

There are many third party merchant accountproviders all over the world who would provide their services to all the countries. Even if they are located in one particular country their network flows all over. Once installed on any website then that website can be operated from any place across the globe. The third party merchant accounts operate exactly as the bank and its main function is to make sure that the card details are well authorized and the payment is made accurately. Their security systems are very strong and bug free and are widely used in live environment.