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Payment Gateways and
Virtual Terminals
Online Payment Gateways are designed to help both small and
large merchants offer secure Internet payments to their customers easily and
cost-effectively. Whether you are an e-tail or retail customer, you will find a
gateway solution designed to accommodate and enhance your business.
What is a Payment Gateway?
A payment gateway is a service that enables merchants to perform real-time
credit card authorizations from a web site over the Internet. Both you and your
customer will know within seconds whether or not their credit card was
approved. A shopping cart is typically used before the payment gateway. At
checkout the shopping cart totals the items, adds tax and shipping and collects
the customers shipping and billing information.
The payment gateway captures the credit card transaction, encrypts the
transaction information, routes it to BAMS for processing and then returns
either an approval or a decline notice.
This is a seamless process and your customer does not directly interact with
the payment gateway as data is forwarded to the gateway via your shopping cart
and a secure connection.
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