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![*]()
Online payment gateway
![*]() The payment gateway is
a link between the Payment Processor and your Web site (or
the Web site your goods are hosted on). The payment gateway
allows your web site to securely accept credit cards in
real time. This means your account will be credited within
seconds after a customer makes a purchase from your site.
When your customer makes an online purchase, the information
from your Web site must be sent through a payment gateway
before an authorization is obtained. After the authorization
is acquired, the Payment Processor must transfer any funds
through the payment gateway.
The shopping cart collects items from your customer, adds
up the item's costs, calculates taxes and shipping costs,
and provides a total amount to the customer. A payment gateway's
function is to collect the purchaser's name, address, credit
card number, and expiration date.
The payment gateway securely sends this information and
verifies that the purchaser has enough funds in their account
to pay for products ordered and that those funds may be
deposited into the merchant's account.
Make sure you understand fully the product/service you are
purchasing.
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