If you are considering going online to make money or creating a website that will generate income and earn money for you, you should be aware that you will be unable to receive payments online unless you already have a merchant account.
The payment gateway is an important component that aids in the facilitation of online payments. Payment gateway service providers act as the intermediary between all online financial transactions.
These do not serve as banks or merchant accounts on their own. They are more concerned with security and validation. Most payment gateway service providers encrypt the buyer’s information, validate the data, decrypt it, and send it to the merchant account. In short, it acts as a security guard, decrypting and encrypting responses between websites and the buyer’s Credit Card Company or bank.
How payment gateways serve as intermediary for all your online transactions?
Payment gateways play an important role in reducing online fraud and making online payments faster. People used to have to wait nearly a week after making a payment for their cards to be verified with the bank when online payment solutions were first introduced – and one week was fast!
You can now place an order and have your identity and data verified in a matter of seconds. Payments are more smooth and quick as a result of these gateways.
While payment gateways are essential, it is critical to understand which type best suits your needs at any given time. This will assist you in making sound decisions about which payment gateway solutions to use.
EskayPay provides self-hosted payment gateways that help customers submit the payment information directly on the merchant’s website. This option has the benefits of simplicity as well as the security provided by the payment gateway. We offer a 2D Payment Gateway for USA to secure customers’ payment information, which further provides a much better user experience.
Special features that you need to look in a 2D secure payment gateway
1. A 2D secure server ensures that the payment gateway is trustworthy and not shady. To ensure the confidentiality of the client’s personal and financial information, including credit or debit card details, addresses, names, and other contact information, a Secure Socket Layer (SSL) encryption should be used.
2. Tools for preventing fraud should always be available. Address Verification System and CVV are two elements that should not be overlooked because they are necessary tools for ensuring fraud-free online transactions.
3. Efficiently fast loading is another feature of a good and trustworthy payment gateway. You see, if your page takes a long time to load, the customer may become irritated and bored, prompting them to visit another online store. They are unlikely to return and may even spread the word to their friends, jeopardizing your company’s success. As a result, it is critical that you ensure that the speed of payment processing is quick and fast so that you do not lose any customers.
4. Another factor to consider is the user-friendliness of the interface. You must ensure that your system is easy to understand for the customer. Furthermore, you should always ensure that your system is automated to provide real-time information in confirming the process’s progress. Also, keep in mind that the website shopping cart must be compatible with the payment gateway; you must discuss this clearly with the web developer to avoid any problems during use.
Merchants are looking to Eskaypay for grabbing shield for their business
Many people are completely reliant on online shopping, which has paved the way for the emergence of many online shops that ensure they have the most secure payment gateway; something that all savvy shoppers are very concerned about. If you want to gain more customers while keeping those you already have, make sure you give them the assurance that the confidentiality of their personal and financial information will be maintained each time they shop in your online store.
EskayPay is distinct from other payment gateway providers in the USA. We provide a variety of APIs with our payment gateways. It means you will have an application programming interface that you or your web developer can use to integrate your eCommerce payment gateway into your online store. We assist merchants with 2D Payment Gateway for USA to offer them advanced security features such as fraud detection mechanisms and chargeback protection tools.
High Risk Merchant Accounts 