Magento Expert Forum - Improve your Magento experience

Results 1 to 13 of 13

How does an online payment gateway work?

  1. #1

  2. #2
    Junior Member
    Join Date
    Sep 2016
    Posts
    220
    Thanks
    0
    Thanked 3 Times in 3 Posts

    Default

    Payment gateways serve as the middle man, handling business between merchants and customers. Serving in a role that securely withdraws the funds for a transaction from customers and deposits them into merchant's bank account. A payment gateway is a digital version of the physical point of sale (POS) terminals located in almost all of todays retail outlets.


    Cafeteria Chairs | Student Writing Chairs | Revolving Office Chairs

  3. #3
    New member
    Join Date
    Jul 2018
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Hello, Payment gateway work as a intermediate tool b/w customer and bank as same as, In Bulk SMS API, Vendor is Intermediate b/w Customer and Operator.

  4. #4
    Junior Member
    Join Date
    May 2018
    Posts
    52
    Thanks
    0
    Thanked 3 Times in 2 Posts

    Default

    I also want to know the information about Payment Gateway. Thank You so much for sharing this Valuable information with us.

  5. #5
    Junior Member
    Join Date
    Sep 2018
    Location
    India
    Posts
    24
    Thanks
    0
    Thanked 3 Times in 3 Posts

    Default

    payment Gateways are Intermediate between Merchant and Customers, You can use them to make a transaction into bank a/c., You can pay and receive money from Any bank a/c using a Payment gateway.

  6. #6
    Junior Member
    Join Date
    Sep 2018
    Location
    United Kingdom
    Posts
    156
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default

    An installment door is a dealer administration given by a web based business application administration ... This could be a record with the obtaining bank if the shipper does their keeping money with a similar bank, or a record with another bank. The whole

  7. #7
    Junior Member emmaalfie's Avatar
    Join Date
    Aug 2019
    Posts
    14
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    The Payment Gateway
    It seamlessly connects to e-commerce or in-house payment processor for examples, credit cards processing networks or online banking. Payment gateway is a third-party between merchants and customers that securely take the money from customers and send it to merchant's' bank account.

  8. #8
    Junior Member
    Join Date
    Sep 2018
    Location
    United Kingdom
    Posts
    556
    Thanks
    0
    Thanked 4 Times in 4 Posts

    Default

    An installment entryway is a web based business application that approves installments for e-organizations, online retailers, blocks and ... How Do Payment Gateways Work...

  9. #9
    Junior Member
    Join Date
    Sep 2019
    Posts
    164
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Image result for How does an online payment gateway work?
    www.centurybizsolutions.net
    With an internet payment gateway, you can process credit card orders from your website in real time. ... The payment gateway then captures the credit card transaction, encrypts the transaction information, routes it to the credit card processor and then returns either an approval or decline notice.

  10. #10
    Junior Member
    Join Date
    Apr 2019
    Posts
    127
    Thanks
    0
    Thanked 1 Time in 1 Post

    Default

    Thank you for detailed explanations. I want to found an online startup and I try to find out more about finances since my major at college wasn't related to it. Also, I search for information about different credit cards. Here you can read more about one of them and its pros and cons. I hope I'll be able to understand all this stuff someday.

  11. #11
    New member
    Join Date
    Mar 2019
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Good topic! I found many useful info. I also can share good article about bad credit score and how to improve it. As I know many people have poor credit and they can't use credit products, so such info must be in demand https://cashwagon.ph/blog/how-to-imp...-credit-score/ Hope this will helpful for someone.
    Last edited by Roggeroo1; 05-04-2020 at 02:01 PM.

  12. #12
    Junior Member
    Join Date
    Sep 2018
    Location
    United Kingdom
    Posts
    228
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default

    Basically, when the customer places an order on the merchant's website, the payment gateway securely gathers and stores the transaction data, which is processed and forwarded to the financial institution and to the credit card networks, which, in turn, transfer the encrypted information to the customer's card issuing ...

  13. #13
    Junior Member
    Join Date
    Sep 2018
    Location
    Oman, Muscat
    Posts
    549
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Default

    An installment door is a vendor administration gave by a web based business application specialist co-op that approves Visa or direct installments handling for e-organizations, online retailers, This could be a record with the getting bank if the trader does their keeping money with a similar bank, or a record with another.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •