Reach new audiences and boost revenue opportunities by choosing a mix of providers that support additional currencies and payment methods.
Anything related to our revenue is obviously very significant. So, our ability to ensure that our payment processing works smoothly and is effective was critical. This is the most important benefit Recurly gives us.Read case study
A payment gateway processes online payments, authenticating and safely passing cardholder data among the parties within the transaction.
Multiple online payment gateways can increase the success rate of transaction processing by offering alternatives to customers. If one of your payment gateways is experiencing a low success rate or downtime, an alternative is available. Different gateways support different payment methods and currencies, so having multiple gateways fits into a global strategy. In addition, some customers will simply prefer one gateway over another, such as if they already have an account set up there (e.g., PayPal, Google Pay).
There are many factors to consider when selecting a payment gateway, including cost, currencies accepted, types of payment methods accepted, and countries of operation. Check out 4 insider secrets about payment gateways.
Without a payment gateway in the online payment process, fraudsters can easily access customer card information. If compromised, it can expose your business to fraud and chargebacks.
A payment gateway protects the sensitive payment data using data encryption. The gateway follows several strict procedures for securing data that are defined by the PCI-DSS compliance. There are other security protocols payment gateways use as well, including tokenization and 3DS2.