Although the majority of merchant accounts offer their own payment gateways or payment processing software systems, there are benefits to having your own gateway system. A payment gateway is an application that submits your customer’s credit card information securely to your merchant account provider. All online credit card transactions that take place in real-time must have a payment gateway. Learn more about How to Accept Credit Cards Online.
Whether your cart can work only with certain gateways, or if you prefer to keep your customers on your site instead of sending them through another gateway, there are many software packages that can help you meet this goal.
If you plan on accepting e-checks or electronic fund transfers for your online store, you’ll need software that will allow you to process these orders. You may need to print actual checks for your bank through the use of specific software and blank checks, or your bank may simply accept your payments directly. Read up on Choosing a Shopping Cart Program for Your Site.
You’ll also need a merchant account that will not only allow you to accept e-checks, but will also work in conjunction with your software package. National EFT offers several different types of e-check processing solutions.
Verisign’s PayFlow Pro allows you to host your own gateway on your site, and will work with most shopping carts. You can also use the Verisign Secured seal on your Web site when you purchase this software.
GO Software’s PCCharge will allow you to accept most major credit cards, and also offers the ability to run up to five merchant accounts on one gateway. Additionally, this software features fraud protection, helping to ensure that the cards you accept are valid and not stolen. PCCharge offers a full complement of options as well, including the ability to process your orders in real-time, as they come in, or via the batch option to process them at a later time.
Choosing the software for your payment gateway can be a trying experience. However, there are many different options available to help ensure that you get an application that will help you run your businesses successfully.