Monday, June 25th, 2018
In addition to a merchant account and a processor, a merchant that wants to accept and process credit card transactions safely needs a payment gateway. When it’s time to choose, check out the features offered by UK payment gateways.
Payment Gateways and How They Work
A payment gateway, which is an e-commerce service, ensures online and traditional credit card transactions pass securely between a customer and a business. Through payment gateways, important information is passed between payment portals, such as websites and front-end processors or banks. In the end, payment gateways authorize the fund transfers between purchasers and sellers.
For example, after a customer orders an item from a website, the payment does several things before finalizing the transaction. After a web browser encrypts the data, the gateway sends the transaction information to the processor used by business. From there, the payment processor sends the transaction information to the card association and, then, acquiring bank for the credit card determines whether the purchase be approved or declined. After this, the processor then let the payment gateway know whether it was authorized. Once the gateway learns the response, it transmits it to the website to process the payment.
In addition, payment gateways monitor orders for fraud through processes, such as address verification service checks and delivery address verification.
Consider These 9 UK Payment Gateways
Authorize.Net has been providing payment gateway services since 1996. As a subsidiary of Visa, wholly owned subsidiary of Visa, its services are sold through a network of reseller, including independent sales organizations, merchant service providers, and financial institutions. More than 43,000 merchants use Authorize.Net, which handles more than a billion transactions and $149 billion in payments annually.
2Checkout is a global payment platform established in 2000 that enables companies to accept online and mobile payments worldwide. In addition to offering a pre-integrated payment gateway that works seamlessly with more than 100 shopping carts, it is PCI compliant and offers international fraud prevention. It supports transactions in more than 200 markets, and it trusted by more than 10,000 merchants worldwide.
Braintree helps businesses of all sizes process payments while partnering with payment aggregator, PayPal. With one simple integration, businesses can accept online and mobile payments in more than 130 currencies and more than 45 countries.
When businesses use eWAY’s Rapid 3.1, the payment gateway offers a single place for processing payments. With the single endpoint, only one extension is needed to process payments in the U.S., UK, Australia, New Zealand, Singapore, Malaysia, and Hong Kong.
5. Payment Express
As a leader in payment technology, Payment Express provides PCI-compliant payment solutions that is certified to accept all major credit cards. As an end-to-end platform, payments are processed seamlessly in real time.
6. Sage Pay
As a part of Sage Pay Group, Sage Pay offer easy online payments for salary payments, debit cards, supplier payments, and ecommerce. It is user-friendly, allow for seamless integration, and it has built-in financial management processes.
Stripe is a software platform that makes it easy to run an online business. With thoroughly-designed APIs and complete functionality, the gateway make it easy to accept payments safely.
WorldPay’s online gateway offers a quick, flexible way to handle ecommerce payments. With a single integration, you gain access to 300 global payment types, fraud, risk management, analytics and reporting.
9. SOFORT Banking (DIRECTebanking)
With a focus on customer security and a reputation for competitive rates, SOFORT gateway offers quick and simple integration. Also, it is capable of supporting multi-currencies.
Topics discussed in this article:
- UK Payment Gateways