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Key Points While Choosing Between Payment Gateway and Processor

If you are confusing about payment gateway and payment processor. This PDF documentation consists the information about the payment gateway and processor. Also some important points you should know while you choosing your payment processor and gateway for your business. <br>

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Key Points While Choosing Between Payment Gateway and Processor

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  1. PCI Merchant Services June 5,2021 PAYMENT GATEWAY VS. PAYMENT PROCESSOR

  2. Introduction Payment Gateway is a software or an application service provider that sends the customers' personal and details of bank to the payment processor. Payment Gateway Payment Processor is an entity that transfers encrypted card details to appropriate financial institutions, which complete the transaction. Payment Processor

  3. Consider some key points while choosing between Payment Processor and Gateway Let's begin.

  4. Key Points Integration Cost and Time 3 Compliances 1 Total Transaction Volume 4 2 Settlement

  5. Integration Cost and Time The development cost and time for integrating with payment processor is higher as compared to payment gateway integration.

  6. Total Transaction Volume To get high volume of transactions, payment processor offers low rates. It would be more feasible for small businesses to go to payment gateway that have small volume of transactions.

  7. Compliances Integration to payment processor requires a PCI certified infrastructure. Payment gateway integration is much lower as they offer a simple API layer for accepting and processing payment requests from merchants.

  8. Settlement Integration to payment processor requires a PCI certified infrastructure. Payment gateway integration is much lower as they offer a simple API layer for accepting and processing payment requests from merchants.

  9. Contact Us Phone Mail Email 2100 Geng Rd Suite 210 Palo Alto, CA 94303 USA info@pcimerchantser vices.com +1 844 671 0724

  10. That's a wrap! Thank you for participating.

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