The addition of technology and internet has changed the dynamics of the world; they provided different lens to measure the dimensions of globe. Technology is a growing factor it plays a vital role in shaping the structure of the world. The mean of internet technology modernize and globalized the world, it is a medium which interconnected the world and it’s the necessity demand of today’s time. 21st century is a geo-economics world. There are multiple ways of generating money and online marketing is considered as a major option. The dominant feature of online marketing is Payment Gateway.
What is Payment Gateway?
Now we understand what payment gateway is. It is a software application that payment services provide use to process online purchases. It is a most common way for a merchant to connect to a online payment system. It authorizes credit cards or direct payment process for e-business, online retailers, bricks and clicks, a traditional brick and mortar. Further payment gateway is software and serve that transmit transaction information to acquire bank and response from issuing bank (such as whether a transaction is approved or declined. It facilitates communication within banks.
It is founded in 1996. It has come a long way to being known as one of the best payment gateway. It is one of the most recognizing payment gateways there is some facts and figures about authorize.net. There is a large number of 400,000 merchant’s world wide use authorize.net payment gateway. The process is very easy online payment is accepted through electronic checks and credit cards.
It was launched in 1999. Though it was injected in 1998. It is known as one of the standard and most widely used payment gateways that accept both credit card and debit card payments. It is one of the most relaxing payment gateways. It is free for buyers, however store owners will have to pay a simple transaction fee of 0.30 US dollar. When using PayPal for credit card payments the marking point is that you only need to pay after making a sale.
It is one of the most popular and standardizes payment gateway system. It was founded in 1999 and it served people for almost 2 decades. It offer services in 196 countries and accepts payment in the form of credit cards, PayPal and debit card. It doesn’t require you to pay any monthly and setup fees. It has low-cost fee structure and needed you to pay only 2.9 percent for successful transfer.
. Start operating in August 1997. SecurePay.com offers online shopping cart. Electronic check service called as secure pay, accepts mobile payments and so on. You have to sign up as a user on securepay.com. You will also have to pay 400 USD for terminating your service prior to the expiration of the 0,service agreement with secure.pay.com payment gateway.
First Data Corporation
One of the most orthodox and traditional payment gateway having 30 years of payment industry experience globally. It was intercepted in 1969 but started providing its transaction processing service in 1998 in us and market worldwide. It includes credit card, gift card and many other prepaid card offering. First Data Corporation is used by around 6 million merchant around the world. It provides a standard quality.