Reporting: card acquirers usually provide simple reports.Reconciliation: Although the settlement is carried out directly by acquirers with the merchants, payment gateways often offer additional reconciliation services, with complete transaction reports.PagBrasil, for instance, offers PagShield without the need to integrate another API, as well as Konduto antifraud services. Fraud prevention: most payment gateways offer fraud prevention tools.Direct checkout: contrary to what people might think, a payment gateway doesn’t work as an e-wallet, therefore, a direct checkout is often provided by gateway services.PCI DSS compliance: when credit card details are sent directly from the buyers’ browsers to the payment gateway, without running through merchants’ servers, online stores benefit from a reduced PCI DSS compliance scope.In addition, the payment gateway is responsible for adapting its platform to any change made on the bank or card acquirer side. One integration: instead of complicated technical integrations with every bank and card acquirer, merchants only need to integrate the payment gateway.Merchants using a payment gateway are required to establish a contractual relationship with banks and card acquirers. It is a technical solution that transfers the information between online stores and card acquirers allowing a credit card payment to be completed. What is Payment Gateway and How Does It Work?Ī payment gateway is the online equivalent of POS machines used to charge credit card transactions in physical shops. Understand how they work and their main differences. This is a common mistake as they both provide different services. Gotoh sp vs psp psp#However, regarding payment providers, we often hear the terms payment gateway and payment processor (also known as PSP – Payment Service Provider) used as synonyms. E-commerce platforms, payment providers, logistics services and fraud prevention tools are some of them. The more the e-commerce market evolves, the more players become part of it.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |