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Importance of Payment Gateway for an Online Business

An e-commerce service that verifies, process, accept or decline direct payments or credit card processing in place of merchants by using secure internet connections is what we call Payment gateway.

It is assigned to fulfil the essential roles in the e-commerce transaction process between customer and merchant. Besides, it is used to help to facilitate online transactions and get approved by the issuer bank.

A payment gateway helps to transfer the information regarding a transaction between the payment portal and the front-end processor or bank hence it is very important in e-commerce.

It uses special encryption & verification technology like online shopping involves distance and anonymity. Plus it also ensures that the legitimate transactions are securely transmitted to the processor.

Why you need it?

First and foremost, using a Payment Gateway in UK can help you to reduce the severity and frequency of credit card fraud within the business. The payment gateway permits the merchants to process debit, credit, and many other alternative online payments.

Moreover, to make sure that customer data is encrypted and secure the payment gateway acts as the go-between. There are some more reasons for using a payment gateway for your online business.

For a merchant who already has an account and website, setting up a payment gateway is very easy. It also needs slight maintenance.

It will be easy for merchants because the majority of online retailers are using a payment gateway.

Most interestingly, the use of payment gateway also permits the customers to stay at merchants’ site even without the hassle of pop up to new pages. Merchants can customize a well as control their checkout pages which are an advantage for them.

Looking for online payment processing Services in UK? Contact Cardstream. It is an independent provider of payment solutions, giving access to all payment modes including credit card, wallets, debit card, alternative payment methods – all from a single platform and open API. Moreover, this open payment network is ideal for Acquirers, Independent Sales Organisations (ISOs), Payment Service Providers (PSPs), Independent Software Vendors (ISVs), and Payment Facilitator in UK.


For more information, visit- Cardstream.com

 Originally published at - https://app.ex.co/stories/cardsv10/importance-of-payment-gateway-for-an-online-business
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