Skip to main content

Smart, Secure and Scalable Payment Gateway Solutions for Your Business

Other than marketing strategies, gaining traffic and advertising, what is the most important element of running an e-commerce business? An element that is directly associated with the profitability- ‘Payments’. Yes! An element of accepting payments from customers is very important. There are different paymentgateway UK methods that businesses adapt to receive payments from customers. We are discussing two terms here. One is payment processing which is outsourced and second is payment facilitator.
Before we try to understand the models of payment gateways. It is important for us to understand a few terms. The merchant, that refers to the business that accepts card payments. The cardholder, it is the buyer under whose bank account a card has been issued. The issuing bank, that has issued your customer’s credit card. And, the acquiring bank -the bank that processes the customer’s credit card payments for the merchant.
Outsource payment processing
In any organization, ‘payments’ is a business-critical phenomenon that must be processed with high security. When the payment processing of any online retailer or e-commerce business is outsourced to professionals, advanced data analytics tool is utilized to detect suspicious patterns in online transactions. There are certain algorithms that are designed to track online payment activities. These algorithms are responsible when it comes to compare the fresh data with historical data and check for similarities with previous fraudulent transactions.
Payment Facilitator
Have you ever heard or read the term PayFac during any payment related conversations or related documents? Well, this is a short term for payment facilitator. It is basically a third-party payment services provider (that we also call PSP in short) for merchants. Typically, what happens is, Payment facilitator UK has a contract with the acquiring bank and onboard merchants on a sub-merchant platform. This payment gateway model allows businesses to offer merchant services quickly and efficiently.
People can find many service providers claiming to offer the best solutions. It is important to choose the best out of all. Cardstream is one of the leading service providers that offer different payment gateway UK solutions to different clients. People get smart, secure and scalable solutions for payment gateway for their companies and other organizations. For more information visit – Cardstream.com.

Labels:

Comments

Post a Comment

Popular posts from this blog

Payment Gateway is a vital factor for Security of Payments for ecommerce Websites

  It is imperative to understand a payment gateway from the security aspect as it is such a crucial part of an e-commerce platform. It aids in lessening the intensity and frequency of credit card fraud within the e-commerce platform, therefore security is the top-most benefit of a Payment Gateway in UK . Besides that, a payment gateway authenticates the cardholder/shopper so as to make a safe flow of payment to the merchant/e-commerce platform’s account to from his/her personal account. This whole flow of payment is guarded with the help of a payment gateway. Even data of the customer is encrypted in a safe manner as a payment gateway maintains security by following a protocol for the same. Here are some of the reasons, which make a payment gateway apt for the e-commerce platform: -        A payment gateway integration does not need much hassle and can be set up easily by the merchant/e-commerce business that already has an application/website for the business. -        It ne
6 comments
Read more

Everything You Need to Know About Payment Gateway

Earlier, payment modes were limited to cash, credit, or debit card, but now numerous payment options are available such as UPI, net banking, wallets, and so on. Online payment is a fundamental feature that any E-Commerce platform can offer by integrating a Payment Gateway UK . Let’s discuss what is a Payment Gateway? A payment gateway is said to be an online tunnel between your merchant account and the customer's bank account. It encrypts customer’s card details to make sure the data is passed on securely to the acquiring bank from customers. Here, are a few reasons why should you integrate a payment gateway into your business? ●      A robust payment gateway encrypts data & mitigates the risk of fraud. ●      It ensures faster transaction processing and reduces some sort of manual work ●      By integrating a payment gateway, you can offer your customers an added convenience as they can make a purchase any time from the comfort of their home With so
1 comment
Read more

Why Businesses Adopting Effective Payment Gateway Solutions?

Electronic payment facilities have become important and mandatory in present times, everything has gone mobile, and where everything is done using the Internet. Almost every business company provides online payment options to consumers. Those not providing this facility are either losing customers every day (that they do not realize), or they are continuously in search of gathering information for the same. Let us discuss the importance of choosing payment gateway UK solutions. Have you ever noticed that switching services from papers to electronic form, let you save the money? Have you ever subscribed to get bill notification via email or SMS, and found out that it does not cost you anything? Plus, it is easy to maintain, easy to access and is always available. The same applies to online payment services UK solutions. These solutions let business companies be able to provide easy, convenient, safe, and quick ways to make payments online using different modes (such as bank car
Post a Comment
Read more