An Online payment gateway offers the most versatile method for processing sales. From any online computer terminal you have the capacity to process transactions quickly and securely, without the need for any specialized hardware.
A internet payment gateway is a private web site, accessible only with your private account, by which the merchant enters all the customer's pertinent bank card information: name, address, billing address, and of course, credit card information. Every thing is entered into the Gateway's internet-based forms, clear templates and is quite simple to use. It then verifies the purchaser's information and completes the transaction.
Of course, you need proof of every transaction. That's why email confirmations are automatically generated as receipts, detailing every sale just as a normal paper receipt does. These are provided for the purchaser and to the merchant for record keeping. In addition , a payment gateway sends the merchant a directory of the day's batch (total transactions), giving you an obvious and useful record of account activity.