What is a Online Payment Gateway?

 

What is a Payment Gateway and its Functionality ? 

А payment gateway is the mechanism that helps with capturing and transferring payment data from the customer to the acquirer. A payment gateway ensures a smoother transaction of payments, enabling online payments for consumers and businesses. An online payment gateway is being explained as the “virtual” equivalent of a credit/ debit card reader.

Today the majority of businesses accept online payments which require a payment gateway to facilitate the process. A payment gateway is being explained as the “virtual” equivalent of a credit/ debit card reader. Due to an increase in online frauds, businesses look for the most reliable payment gateway providers that help lower your risk and protect the business by encrypting transactions, cross-checking addresses, or other details.

Payment Gateway Features and Functionality

With several payment gateways available in the market, businesses need to choose the right payment gateway company. Before finalizing any payment provider for your business, it is important to go through all the important features and functionality of a payment gateway that help optimize payments.

Fraud Protection

With the evolving technology, the number of crimes is also increasing. Thus it is important to look for an innovative fraud solution that helps deliver cyber security intelligence based on your business. No matter how the transactions are accepted, it is important to choose a reliable global payment gateway solution that helps provide completion protection against all kinds of frauds.

Recurring Payments

Recurring payments offers various benefits to both, merchant and online customers. By creating a payment schedule that is easier for both parties, payments automatically come in on time, every time. This further improves the flow of cash and improves customer retention as well.

Hosted Payment Form

A hosted payment form is the best method of accepting eCommerce credit card payments without worrying about the shopping cart. 

Virtual Terminal

Whether you want to take payment over the phone or through the mail, with the help of a virtual terminal, you can turn your PC into a POS device. For this, there must be a good internet connection. 

Payment Gateway Services

Payment acceptance is not an easy process, but with the selection of the best payment gateway solution, one can easily streamline all processes into a single solution ensuring easy payment methods, satisfied customers, and much more. 

Why Does Your Business Need an Online Payment Gateway ?

By using a payment gateway, businesses can have a secured and hassle-free experience allowing customers to make instant purchases through different channels and with any major form of payment. With the help of a single payment gateway solution, businesses can lower the overall costs by reducing the requirement of multiple vendors, improving their sales, and can easily streamline all the operations.

So all the businesses looking for the best payment gateway in UAE can install the PayCaps payment gateway solution and give a hassle-free online experience to their shoppers.