Although the majority of merchant accounts offer their own payment gateways or payment-processing software systems, there are benefits to having your own gateway system. A payment gateway is an application that submits your customer’s credit-card information securely to your merchant account provider. All online credit-card transactions that take place in real time must have a payment gateway.
Whether your cart can work only with certain gateways, or if you prefer to keep your customers on your site instead of sending them through another gateway, there are many software packages that can help you meet this goal.
To read the full AllBusiness.com story, click here
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.