In the merchant services industry, a payment gateway is a service provided by an eCommerce application service provider that authorizes credit card or direct payments processing for online retailers, internet businesses, as well as brick and mortar storefronts.
A payment gateway facilitates a payment transaction by the transfer of information between a payment portal, like a website, mobile phone or interactive voice response (IVR) service and the front end processor or depository financial institution.
Simply put, they give us the ability to turn your website into a transacting tool and hub of commerce for your business. From eCommerce transactions and online bill pay functionality to an actual online cash register for you store or mobile device for your employees in the field to gather payments and deposits, with a proper gateway integration and online payment portal you can streamline your operation considerably. At Payments Max, we can help.
Gateways we support: