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Whether it is a retail business, e-commerce, or any type of activity that involves the processing of a payment card, requires a good payment gateway. Most businesses and organizations are using a white label payment gateway to transfer the information regarding a transaction between the payment portal and bank or front-end processor. A recent data security report unveiled that a large number of login attempts to online retailers’ websites were illegal hacking attempts. Also, at least 70 % of retailers have encountered security failure with their online stores. Therefore, it’s imperative to use a secure payment gateway that helps you the protection of unauthorized access in real-time and providing encryption between buyer and seller. ·         What is a payment gateway? A payment gateway is basically a software that processes payments after completing an online purchase between the merchant’s website and the acquiring bank. Here, a white-label payment gateway method al

Doubtlessly, the payment gateway is necessary for online businesses or say for e-commerce businesses. Let us start with understanding what is payment gateway UK . So, the payment gateway refers to an online service or e-commerce service. It processes, verifies, and accept or decline direct payments on behalf of merchants using secure internet connections. In simple words, the payment gateway is all about processing the payment. It plays an important role in the transactions processed by customers online to the merchant (to the product or service that they wish to consume). Also, it is used to facilitate online transactions and get approved by the issuer bank. Special encryption and verification technology are used for this entire processing since Internet shopping involves two major terms that are distance and anonymity. Now the question is why does a business need payment gateway processing. So, it is very simple to understand. Let us put all in points. Lessens fr

Why business is running? It is running for profitability! A company offers service/product and customers pay to consume them. This is how it goes on. But, when it comes to e-commerce business, accepting payments from the customer is a very important element. The more important it is, it should be the simplest too. Here we are discussing different payment cycles such as payment gatewayUK and payment facilitator. There is a difference between them. Let us try and understand. Before we start to understand the difference between these terms, let us have a look at some important parties that are involved in the payment transaction.         Business that accepts card payments [the merchant]         Buyer under whose bank account a card has been issued [the cardholder]        Bank that has issued your customer’s credit card [the issuing bank]        Bank that processes the customer’s credit card payments for the merchant [the acquiring bank] Starting with a

Why businesses are running? Solely for one purpose which is main but is associated with another aspect too. The sole purpose is to earn profit. To achieve financial returns! Now the aspect that is associated with this main purpose is providing services to customers, keeping them happy and retaining them. Basically, everything comes and stops at what customers want, what do they expect, how comfortable they are and what make them feel delighted? Let us just make it really simple to understand. A business company provides its services to customers, they make purchases (because they have gained that trust to pay and consume the services), they process the payment and that is how businesses or companies earn money or say profit. For the purpose they need payment gatewayUK. How payment gateway processing is important? It is important because number of online users have raised! That is because users trust businesses having their own mobile or website applications. And, users fin