Online payments and payment gateways

Online payments and payment gateways

 3 min read

Next to hosting and software, the choice of secure and fast payment methods is one of the major decisions faced by an online store owner. The so-called payment gateways are cutting edge, standard solutions on the e-commerce market, appreciated by modern customers. Such systems are managed by specialized and experienced companies, which are referred to as gateway operators.

The transaction supported by the payment gateway includes several stages:

  1. The customer selects the online payment method
  2. Encrypted data is transferred to the payment gateway
  3. Data from the gateway is sent to the bank’s transaction processing system, then to the bank’s card issuer (Visa, Mastercard), and finally to the customer’s bank (for authorization)
  4. If there are funds on the customer’s account, the bank receives information about the completed transaction, and the money is sent to the merchant’s account.

Thanks to the implementation of payment gateways, customers are able to finalize transactions through a variety of channels, such as credit cards, debit cards, quick transfers, mobile payments, SMS payments, or Paypal. The most popular payment gateway operators on the Polish market include Przelewy24, PayU, TPay, and Dotpay. They meet the required security standards and hold all the necessary certificates.

When choosing a payment gateway provider, you should take into account the following aspects:

  • Fees (including: start-up fees, fees for withdrawing money from the transition account to the company’s account, and transfer fees)
  • Technical support, available during and after the implementation of the gateway system
  • Number of supported payment channels

The main advantages of payment gateways (apart from convenience and safety of both parties) is the possibility to reduce the time of the entire transaction to the minimum, use this method 24/7, and benefit from available modules for integration with various payment systems, even without advanced technical knowledge and skills. Modern payment methods are a must-have and have to be taken into account if you want to stay on the cutting edge and compete with your greatest rivals in the e-commerce sector. Therefore, before making up your mind, analyze available options, and choose wisely.

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