Payment Gateway Definition
With the Orbital Payment Gateway you can: Save time and money with easy, versatile implementation options Protect customer data and boost compliance efforts Automate your recurring payments and improve cash flow Enjoy peace of mind with seamless, secure connectivity Eliminate data entry errors by retrieving a pre-existing customer profile Maintain account-on-file information, quickly and efficiently with Account Updater Accept a wide range of credit and debit payment types including MasterCard®, Visa®, American Express®, Discover® and gift cards Recurring Payments with Orbital Managed Billing Offer flexible payment solutions to your customers such as recurring payments; run special promotions with deferred or installment payments; or collect regular fees. Volusion’s payment processing service, complete with an Authorize.net gateway account, offers the full range of transaction commands. Essentially, Payment Gateways facilitate communication within banks. The card associations have created a set of rules and security standards which must be followed by anyone with access to card information, including gateways. It lets you authorize payments and store them for submission to your payment processor.To see a list of gateways Volusion has integrated with, go to Volusion.com, click Credit Card Processing under the Services tab, then click the Supported Gateways Page link.Select your region from the row to see a list of supported gateways for your country. The Orbital suite of products is fully customizable – you can select the services to add to your Gateway account that best meet your business needs. Security is an integral component of all payment gateways, as sensitive data such as Credit Card Numbers need to be protected from any fraudulent parties. Payment gateways can also help verify payments at the bank.Payment gateway services may be subscription-based, or they may charge fees for each transaction. For example, a payment gateway is great for any e-commerce store, but it also could be used in an event such as a concert, where tickets and concessions are purchased outdoors away from point-of-sale infrastructure.
Payment Gateway Definition
What is a Payment Gateway? pay – ment gate – way noun Any software that facilitates the communication of Transaction information. Many Payment Providers, such as 2Checkout, enable Merchants with added options when a cardholder purchases a service or product. A comprehensive set of reports gives you insight into all aspects of your flexible payment operations. Customer profiles can be created for any consumer transacting in one of more than 130 presentment currencies supported by Orbital Payment Gateway. You can find extensive details at Volusion.com by clicking Services > Credit Card Processing.If you’ve already picked out an acquiring bank, make sure it’s compatible with at least one of the gateways listed on our website. Plus, Volusion offers some of the most competitive rates in the industry. Flexible Integration The Orbital Payment Gateway also provides multiple integration options to best fit your technical environment, including integration with leading hosted storefront and e-commerce service providers, giving you a streamlined payment solution without the need for additional development. Contact us today to get started accepting online payments!
Payment Gateway Definition
Techopedia explains Payment Gateway A payment gateway can be situated in an entirely digital atmosphere, where credit card information is routed in from a shopping cart Web page, or from in-store tablet systems or other physical point-of-sale systems in brick-and-mortar retail locations and other temporary sale locations. Techopedia explains Payment Gateway A payment gateway can be situated in an entirely digital atmosphere, where credit card information is routed in from a shopping cart Web page, or from in-store tablet systems or other physical point-of-sale systems in brick-and-mortar retail locations and other temporary sale locations. We provide all service, support, processing, technology, billing and customer care. Aside from providing the ability for real-time transactions, these providers can help to translate currencies between two parties in different countries, as well as bridge language and payment methods. Payment Gateway Definition – What does Payment Gateway mean? A payment gateway is an e-commerce system that helps support modern retail or other types of sales of products and services, over the Internet or at brick-and-mortar stores. In general, they help merchants to more effectively serve customers by providing a middleman service for the financial information that is so sensitive and important to protect during these transactions. These arrangements are made separately through your payment processing service.Credit means you can reverse captured transactions.Void means you can cancel an authorization, or a capture that hasn’t yet been submitted to the payment processor for settlement.Features that aren’t listed in the gateway table can only be performed directly from the gateway’s online user interface, and not from your Volusion admin area. Data goes to the payment gateway, and credit card information is encrypted for delivery. When you choose Authorize.net, you’ll be able to manage all of your processing needs directly through Volusion. It’s simple, safe and secure. Securely store customer data with Orbital Customer Profile Management The Customer Profile Management module securely stores your customer data off-site, eliminating the need to re-key or store account data for repeat customer purchases. The capabilities of each gateway are denoted by checkmarks in the corresponding columns.Sale means you can authorize and capture transactions in a single step.Authorize means you can approve the transaction through the customer’s bank without having to capture the funds.Capture means you can claim authorized funds for automated deposit into your checking account. This set of rules and security standards is called the Payment Card Industry Data Security Standard (PCI-DSS or PCI). This option also supports your PCI Compliance initiatives. You can even deliver e-mail messages to your customers, notifying them of key events in their payment cycle. Submitting an order is usually completed using HTTPS protocol, which securely communicates personal information through the parties involved in the Transaction. With Orbital Managed Billing, you can collect payments automatically and on a regular schedule to improve your cash flow. Payment gateways can also help verify payments at the bank.Payment gateway services may be subscription-based, or they may charge fees for each transaction. You can deploy the interface to fully commerce-enable your storefronts. In general, they help merchants to more effectively serve customers by providing a middleman service for the financial information that is so sensitive and important to protect during these transactions. Data goes to the payment gateway, and credit card information is encrypted for delivery. Merchants can establish secure online transaction processing in a true one-stop-shop environment. Payment gateways usually charge those who use them a per transaction fee.
Payment Gateway Definition
A payment gateway serves the same role in an online credit card transaction that a swipe terminal serves in a retail transaction. For example, a payment gateway is great for any e-commerce store, but it also could be used in an event such as a concert, where tickets and concessions are purchased outdoors away from point-of-sale infrastructure.
Orbital® Payment Gateway enables online payment processing for the most basic storefronts or for highly integrated e-commerce systems. Orbital Managed Billing also allows you to recycle declined authorizations, capturing sales that would otherwise be lost. Payment gateways authorize credit card payments in order to support point-of-sale systems. When a customer profile is created, transactions can be processed by using an assigned profile number. For more information, read “The Payments System Simplified” View White Paper How Does a Payment Gateway Work? Payment Gateways are software and servers that transmit Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined).