What is a oayment gateway

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WHAT IS A PAYMENT GATEWAY?
P A Y M E N T P R O C E S S I N G W I T H N O P I
T F A L L S
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TODAY'S AGENDA
W H A T I S A P A Y M E N T G A T E W A Y ? T H
E C O M P L E T E T R A N S A C T I O N P R O C E
S S H O W T O C H O O S E A P A Y M E N T G A T E
W A Y F O R O N L I N E B U S I N E S S ?
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WHAT IS A PAYMENT GATEWAY
A payment gateway is a technical solution that
allows business owners to accept bank card
payments on a website. A payment gateway
authorizes the transaction and monitors whether
the entered data is relevant. This solution
protects customer data, entered on the site,
through encryption and subsequent transmission
over a secure channel between a merchant and a
customer.
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THE COMPLETE TRANSACTION PROCESS
01
A customer selects the product they want to
purchase and follows the checkout page. Then,
they select the preferred payment method, enter
billing details and click "Pay"
02 The entered payment information is encrypted
and verified by the payment gateway. After that,
the data is transferred to the acquiring bank
03
The acquiring bank transfers information to the
payment system (Visa/Mastercard)
04 The payment system verifies a payment and
transfers the information further to the issuing
bank
05
Further, the information flows to the payment
gateway and client receives information whether
their transaction was approved or not. In case
of a positive decision, the funds are transferred
to the merchant account.
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HOW TO CHOOSE A PAYMENT GATEWAY
FOR ONLINE BUSINESS?

• Standard security measures include the use of
  TLS, the most widely used security protocol,
  which uses a wide range of encryption algorithms
  such as RSA and AES. Besides, all payment
  gateways must comply with the PCI DSS security
  protocol.
• Last, but not least, is two-factor
  authentication. It protects you from the most
  primitive way to
• lose money - bank card theft.
• The perception of your site by users depends on
  the speed of the payment gateway. The time that
  the gateway spends on processing transactions
  from the client should tend to zero. It is
  important to know that about 25 of users leave
  the checkout page due to a long payment process.

SECURITY
PROCESSING SPEED
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CONCEPT AND DEFINITION
No service is 100 stable, and there is always a
chance of encountering technical problems.
However, when technical support is provided to
you in a timely manner, such issues usually do
not affect the overall experience with the
gateway.
TECH SUPPORT