What is the trading gate?
The Trading Gateway is a software system that enables payments for online traders and businesses. It is often considered to be an internet equivalent of the terminal on sale or cash registers found in retail stores. The purpose of the system is to ensure that the information exchanged between the trader and the consumer is processed safely and in time. Although trade payments are often associated with electronic trade, it can also be used for traditional, brick and mortar transactions.
acting as an independent service, the trading payment gateway is perhaps best described as a medium term between the seller's shopping cart and financial entities involved in the transaction. This generally includes both the seller's account and credit card buyer. During the processing of credit cards, the gateway helps with verification and provides securing by encrypting the financial information used in the transaction. Once the validity is proven, D Details are sent by the requesting party, they are deciphered and returnedto the merchant's shopping cart. Once the consumer has completed the order, the merchant's shopping trolley then transmits this data to the gate through an encrypted connection. This system is completely independent of the interface that customers use to transfer information about the order and as such offers security for cash transactions.
When integrating the payment gateway, the merchant will usually receive notifications of all orders via e -mail. There are usually two messages. One is generated by a shopping cart software and provides information about the customer and other details necessary to meet the order. The second epost is automatically sent by a dealer's payment gateway. This report provides the merchant update the status of the order approval. Traders are encouraged not to send orders until this second message is received.
Total Payment ReliabilityThe merchant's gates mainly depend on the quality of the service provider. This is very important because it is to ensure security for the service provider by encrypting standard data in the field. It is also the responsibility of the Provider to offer a solution that meets the standards and other regulations of the Payment Card (PCI) industry. There are a number of service providers on the market, while Authorize.net ™ and Verisign® are two of the most trusted examples.