An internet payment gateway is a service that provides retailers for a way to authorize payments electronically. But are you familiar with the process of retailing online and the travel of money from the shopping cart to the bank account?
Understanding what service an Internet payment gateway provides will help you see how Payleap rises above the competition. Firstly, the customer chooses the products they would like to purchase. This is usually done through an online shopping cart. The shopping cart will total the cost of the items, add shipping and handling charges and taxes, collects the needed billing information, and lastly, collects the address you will be shipping to. The customer enters in his or hers credit card number and the Credit card payment gateway then captures that information.
The gateway then encrypts the data, routes it to your credit card processor, which returns either an assessment of accepting or declining the card number. The process needs no input from your company and performs all the necessary actions by itself.
What PayLeap does is bundle the whole transaction from start to finish in one convenient internet payment gateway platform. Instead of using separate companies to complete the process, PayLeap provides a single credit card payment service that streamlines your company’s payment system, providing increased efficiency and maximized overall profits.
Tags: credit card processor, internet payment gateway, Merchant Account Provider, shopping cart provider
