There are myriad options for both merchant accounts and payment gateways, though they can vary greatly. A payment gateway is the online equivalent of a point-of-sale system (like a credit card machine) in a brick-and-mortar store. When an online shopper selects “Pay Now” on a website, their payment information is passed through your secure server [...]

They are easy to use, as you are not required to reveal your credit card number or other personal details to online merchants. The payment you make is transferred directly to the seller’s account. Nearly all online payments are now verified and secured by agencies whose accreditation is mandatory for a merchant to operate such [...]

Online payment services are quite different since they do not require businesses to have accounts with them to make a payment or transact business. The payment process with online services is much faster and secure than traditional modes of payment. They use a secure electronic fund transfer system to settle transactions. The services are particularly [...]