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Bundling payment gateway software with a merchant account will be the ideal payment solution for businesses.
FREMONT, CA: In today’s cybercrime world, online businesses need to process payments in a secure and reliable method. Although the details are more complicated, this is where payment gateway software comes to the rescue. A payment gateway software is an application that works as an interface between a seller’s website and a customer’s bank that will process the credit or debit card transaction. Here is more about the benefits of using payment gateway software.
Virtual Terminal
A virtual terminal is a cyber version of a brick-and-mortar store’s physical terminal. Without this interface, customers cannot enter their credit card details and make purchases. Besides computer websites, virtual terminals can set up for mobile devices, including both phones and tablets. A virtual terminal could also be leveraged in a physical location by linking a small credit card reader to a USB cable computer.
Encryption and Tokenization
As cybercrime becomes a more daunting problem to solve, payment gateway software applications provide the ability to encrypt and tokenize data. This makes data more secure, and the sensitive information falls into the wrong hands, it cannot be misused.
A great service that e-commerce sites can provide their repeat customers is storing payment data so that they don’t have to re-enter their details every time they make a purchase. With payment gateway software, buyers can store cards at a single site and choose anyone. Multiple addresses can be saved too. These sensitive data are encrypted and stored separately from the e-commerce site.
PCI Compliant
Because a payment gateway resides on a different server than the one, the e-commerce site uses, online merchants, don’t have to manage secure networks to comply with Payment Card Industry (PCI) standards.
Quickbook and Customization
Many payment gateways today are compatible with Quickbooks. It helps online businesses rapidly transfer data into the accounting software, a process that would take much longer with older technology. Payment gateway software usually offers multiple application program interfaces (APIs). These supplemental software packages can customize a particular payment gateway.