Traditional POS V/S Payment Gateway for Credit Card Processing - PowerPoint PPT Presentation

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Traditional POS V/S Payment Gateway for Credit Card Processing


Credit card processing happens over the POS terminals for the physical stores or payment gateway and payment processors on the online platforms. Click to know more! – PowerPoint PPT presentation

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Title: Traditional POS V/S Payment Gateway for Credit Card Processing

Traditional POS V/S Payment Gateway for
Credit Card Processing
The credit card processing happens either over
the POS terminals for the physical stores or
payment gateway and payment processors on the
online platforms. However, both have some
benefits and setbacks for processing card
payments. No matter which one is the best, your
business needs to accept credit card payments to
generate revenue for businesses. Processing card
payments for the business allows a corporation to
reach a global audience faster. In other words,
a corporation can get to a variety of consumers
for their firms. Adding more value to your
businesss presence is always the ideal goal.
Hence, the comparison will provide a better
ground for you to work.
Ease of Payments
The ease of payment processing is one of the most
crucial parts of the payment experience.
Furthermore, there are multiple reasons for a
merchant to offer the best payment experience
through easy payments. Traditional POS Systems
for physical payments The payments are processed
by swiping, tapping, or entering the EMV chip on
Traditional POS Systems. The terminal uses the
fed data of details and processes the payments
right then and there.
Processing debit and credit cards are simple for
brick and mortar shops. Even for a business that
accepts payments on delivery through card
payments and POS systems are pretty handy.
However, the person and the card need to be
present physically for the transaction. Payment
Gateway makes online payments easy. On the other
hand, there are payment gateways that accept
online card payments. The Card-Not-Present
transactions happen over multiple sources, and
the internet is one such place. A payment
gateway processes the card payments by entering
all the card details on the payment page. It
makes the process quick for processing. It
allows online payments and needs no physical
presence of the consumer. Therefore, it becomes a
hassle-free process and offers the best solution
to companies extending their business over online
The security element of credit card processing is
pretty necessary. The reason for high security is
for consumers and merchants at the same time. If
payment is not secured, the chances are it could
become a prime setback for the company. Security
through EMV Chips For the POS terminals, the EMV
Chips plays a vital role in payments. EMV stands
for EuroPay, MasterCard and Visa to secure the
transactions over the channel. There is
communication between the chip, card, and the
terminal for the payment processing. Moreover,
the consumer needs to enter the PIN or Code for
the payment to complete. The EMV chip provides
control of security over physical card
payments. Compliances and Protocols EMV
security is less crucial as the security depends
on the virtual system for the online payment
processing. Therefore the payment gateway takes
all the steps to provide the best safety on the
line of action. PCI Compliant Payment
processing channel with 3D security offers the
best solution for top-notch security.
Furthermore, passive security tools such as
Point-To-Point Encryption and Tokenization works
in proximity to payment processing.
What about consumers payment experience?
Credit card processing is not only for merchants
but also for the consumers to get the best
payment experience. If there is a void in between
or the transaction is complete without a good
payment experience, the business might witness
limited consumers. The physical experience
through the POS On the one hand, a merchant with
a physical show provides ample opportunity to the
consumers to get the payment completed through
the POS terminal. Therefore, it offers a smooth
payment experience right in front of the
eyes. However, as the POS terminal is hardware,
if there are any errors in the hardware, it stops
the payment right then and there. Seamless
online payments On the other hand, online
payments are not hardware but software involved.
That means if there is a failure, there can be
an instant solution available at your end. The
service provider will offer a solution for the
business quite easily. Furthermore, multiple
features provide a better consumer payment
experience and make the process streamlined.
Will there be an issue of chargeback?
Chargebacks are annoying for a merchant so no
matter the presence of the business. The physical
and online stores require a way to fight the
chargebacks. Both have different types of
chargebacks that might cause trouble to the free
flow of the corporation. POS Chargeback POS
payments witness chargebacks for the business
too. Therefore, a merchant needs protection from
the chargebacks. If there is any illegitimate
dispute, the merchant needs to be wary of it. A
merchant can provide refund policies, support and
services to the consumers. They need to be
cautious of the complete process and offer the
best solution to the consumers. Protection from
Chargebacks! On the other hand, the online
payment gateway with credit card processing
capabilities has chargeback management services.
eMerchantPro offers complete chargeback
protection. It covers the entire cost of the
chargeback for the merchant. Furthermore, it
streamlines a business and takes away the worry
of the chargeback.
Recurring billings and payments Recurring billing
and payments are some of the most vital parts of
a firm. It spreads the business to different
consumers and offers a better solution to them as
well. Therefore, billings and payments are
pretty crucial for any firm. Can POS take
recurring payments? There are multiple norms and
protocols for recurring billing over the POS
terminals. The merchant needs a recurring based
POS for processing payments through the terminal.
However, the process is long and requires
definitive solutions. Hence, it is quite a
hassle for the merchant to get the payments and
billings going. Recurring Payments over the
payment gateway A payment gateway offers credit
card processing and, at the same time, provides
recurring payments too. It allows a better
solution to the merchant and streamlines the
process of getting the services. All a merchant
needs to do is tell about the requirements during
the initial assessment. The Final Verdict That
brings us to the close of the blog. Credit card
processing is a complex process that happens
behind the curtain. On the other hand, it looks
pretty smooth on the front line. Both a POS
Terminal and a Payment Gateway can process
credit card payments seamlessly. However,
multiple factors work to provide a more precise
solution to the merchants. Lets take a scenario
to decide a particular situation if a business
is a high-risk business such as Adult Toys
Merchant. Credit Card Processing via POS terminal
is next to impossible. The reason is service
providers tend to stay away from merchants with a
higher risk factor. On the other hand, there are
dedicated Payment Service Providers offering
payment processing solutions to high-risk
What does eMerchantPro Offer your Business?
eMerchantPro offers a firm payment processing
solution to businesses around the globe. To be
precise, the high-risk corporations that dont
get a credit card processing solution need expert
service providers. Therefore, eMerchantPro
offers the solution they need for the
business. A dedicated service provider offers
personalized services to high-risk businesses.
With expert merchant services and after-sales
support, eMerchantPro offers precise card payment
solutions to businesses. Get in touch with the
expert services today to learn more about the
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