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payment gateway
Last modified: Wednesday, June 07, 2006 

The service that automates the payment transaction between the shopper and merchant. It is usually a third-party service that is actually a system of computer processes that process, verify, and accept or decline credit card transactions on behalf of the merchant through secure Internet connections. The payment gateway is the infrastructure that allows a merchant to accept credit card and other forms of electronic payment. When referring to payment gateways used for Internet transactions, it may also be called an IP payment gateway.

See gateway  for further understanding of how a gateway works.

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ECommerce-Guide 
ECommerce-Guide is the source for e-commerce news, trends, product reviews, and how-tos for businesses running online or e-commerce sites and selling and marketing products and services.

ECommerceGuide: eBiz FAQ 
You have the great idea, you have the enthusiasm, you even have the money to get started, but you still have more questions than answers when it comes to starting and sustaining your e-commerce site. To help address the issues all e-businesses face, we've compiled this list of frequently asked questions. We'll continue to add to the listing, so keep FAQ checking.

ECommerceGuide: eBiz FAQ: How can I accept online payments? 
You can't sell online if you can't take various forms of payment. Learn about the many ways you can incorporate PayPal, credit card processing and other methods of financial transactions on your e-commerce site.

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related categories

Electronic Commerce

related terms

Credit Card Interchange

EBPP

electronic commerce

Electronic Funds Transfer

electronic shopping cart

gateway

merchant account

payment gateway

SSL


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