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Merchant services direct payment gateways

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Merchant Services Direct Spotlight: Payment Gateways

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Merchant services direct payment gateways

  1. 1. Merchant Services Direct Spotlight: Payment Gateways
  2. 2. ● For brick-and-mortar-based small businesses seeking to expand online, payment gateways are a vital part of payment processing.● However, many small business owners who have not expanded online may be confused about the role a payment gateway performs.
  3. 3. ● In general, a payment gateway is a system that allows merchants to accept payments online from customers, acting as the online equivalent of the traditional store’s cash register or point-of-sale system.● In a typical transaction, the customer selects products from the merchant’s online storefront, places the products in his or her online shopping cart, and enters appropriate payment and shipping information.● The information is then sent via the payment gateway to the customer’s financial institution and, if approved, the merchant is notified of the payment and the product to ship to the customer.
  4. 4. ● Thus, the payment gateway serves as the intermediary facilitating the transaction between the consumer’s online shopping cart, the business’ merchant account, and the consumer’s financial institution.● However, in performing this role, it is also responsible for ensuring its communications are reliable and secure in order to prevent interception or other loss of data.
  5. 5. ● Merchant Services Direct provides an array of payment processing options for businesses— including check, debit, and credit card processing— and payment gateway solutions. Businesses seeking more information should visit www.msdmerchants.com.
  6. 6. ● Merchant Services Direct provides an array of payment processing options for businesses— including check, debit, and credit card processing— and payment gateway solutions. Businesses seeking more information should visit www.msdmerchants.com.

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