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To learn more about our privacy policy Click hereA gateway consists of a virtual terminal and an installed website shopping cart. Most companies connect a cart to the gateway to perform real time handling through the website. Matching an efficient shopping cart with a terminal is important during initial setup. If they are not compatible, website payments could end up being more of an inconvenience to customers.
When a business begins to accept online payments, the procedure can seem confusing. Customers will visit the website, find items they want to how to be a payment service provider purchase, and then place them in the shopping cart. The cart is connected to the payment gateway that serves as the actual processing tool. Information such as their name, address, and transaction details will be sent through the designated gateway to the issuing bank for verification. Customers must wait for the verification process to complete before they are given a transaction confirmation.
Payments are deposited into the merchant account after verification. Consumers may be supplied an order tracking number unless the transaction is declined. In this scenario, the buyer is informed a problem exists and may be prompted to reenter their card information or use a different payment method.