Payment gateways allow merchants to accept credit card payments. During a transaction, they will take the credit card details or alternative payment method details and use encryption to safeguard all sensitive data during transmission to ensure the transaction is secure for the merchant and customer. Payment gateways accept credit card payments and transfer the money from the merchant account through the payment processor through a credit card terminal.
What Impact Can a Payment Gateway Make?
Payment gateways can help build customer trust by ensuring their data is protected. They can help businesses achieve global reach and tap into new markets they otherwise wouldn’t be able to reach. Credit card companies provide access to data generated by merchants’ payment gateways so you can make informed decisions and improve their strategies to maximize profits and the customer experience.
What’s the Difference Between a Payment Gateway and a Payment Processor?
Payment gateways allow transactions to be processed online or entered into a virtual terminal, and payment processors accept payments with POS systems or credit card terminals. Payment processors process, authorize, and settle payments, and payment gateways transmit data and protect information. They work together to facilitate efficient and secure transactions between the customer, merchant, and payment processor.
Payment Gateway at Midwest Merchant Services
If you are a merchant in Southfield, MI, West Bloomfield, MI, Novi, MI, or the surrounding areas who is looking for a payment gateway that allows you to access advanced analytics and insights, Midwest Merchant Services can help you. We are a subscription-based credit card processing company that helps businesses save on fees. We offer transparent pricing, live customer service, and custom solutions for all businesses. We’ve helped more than 2,000 clients empower their businesses with custom solutions. To learn more about us or to get started today, contact us online or call us at (833) 995-3400.