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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

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Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm. To accept electronic payment methods fast and securely, you need a payment gateway. But not every gateway is the best payment gateway for your business. Learn More What is a Payment Gateway?

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An Overview of the Payments Ecosystem in 2024

Clearly Payments

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. The global payment gateway market is projected to reach $49.7 billion by 2027 , but must navigate security and regulatory challenges.

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Everything You Need to Know About Credit Card Processing

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Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor.

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Merchant Processing Explained: What Happens Behind the Swipe?

Evolve Payment

More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.” Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor.

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Payment Security: Everything You Need to Know About Secure Payments

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A secure payment gateway is one of the main ways merchants can protect their business and customers. How to Comply with Payment Security Standards The Payment Card Industry Data Security Standards, or PCI DSS , are the North Star for payment processing security. Digital wallets (e.g.,

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How Payment Facilitation Works: An Overview for SaaS Providers

Exact Payments

Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. Credit card networks Also known as credit card associations, credit card networks manage the technological infrastructure and regulations of credit card processing.

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How To Find the Best Credit Card Processor for Small Business in 2024

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That’s why you need to work with a payment provider that implements secure payment systems and a trustworthy payment gateway.