Carding Forum
Professional
- Messages
- 2,788
- Reaction score
- 1,297
- Points
- 113
Payment gateway simplifies accepting payments in an online store.
The volume of e-commerce is growing from year to year. The security and convenience of accepting payments for online businesses can be provided by a payment gateway. Read about the principles of this system in the material.
What is a payment gateway?
A payment gateway is a technical solution that allows online business owners to accept payment on a website using bank cards. And it provides verification of customer data in the shortest possible time. This gateway is the link between the site and the acquiring partner. A reliable gateway must comply with PCI DSS standards. And all information is encrypted to prevent information leakage.
What should be payment gateways
Encryption of information
Undoubtedly, security is one of the first parameters that the user pays attention to. No cardholder would like credit card details to fall into the hands of third parties. Therefore, it is worth choosing reliable payment gateways with an encrypted and completely secure data transfer system.
Work 24/7
The user should be able to make purchases at any time convenient for him.
Sending an authorization request
As soon as the cardholder enters its details, the payment gateway checks whether there are enough funds on the card account and whether the issuing bank has any restrictions on this credit card. Immediately after receiving a response, the service sends the information to the merchant.
Order filling
Depending on what information was received, the order is taken into operation or canceled. Confirmation of the order status occurs within the payment gateway.
Anti-fraud
The payment gateway must have a system for monitoring fraud, assessing risks, tracking geolocation in order to secure the funds of the merchant and the buyer.
Compliance with standards
PCI DSS regulations change every year, becoming stricter. So, you can be sure that a payment gateway that fully complies with these standards is reliable and secure.
How does a payment gateway work
1. The user places an order online and decides to pay by credit card. The "pay" button redirects him to the credit card data entry page.
2. The card details are redirected to the payment gateway (along with the order amount).
3. This is followed by an authorization request sent by the payment gateway to the acquiring bank, and then to the international payment system (Mastercard / AmEx / Visa) to confirm that the card is valid and the operation does not look like a fraud.
4. If the card is protected by 3D Secure, the client will be redirected to a page with a password entry form (to make sure that he is the owner of the card). As soon as the password is confirmed, the issuing bank sends a notification to the international payment system (IPS).
5. The IPS sends the confirmation to the acquiring bank.
6. The payment gateway transfers to the acquiring bank the amount to be debited from the payment card.
7. The issuing bank checks if there is enough funds on the client's card and sends the required amount of money and confirms the IPS transaction.
8. Mastercard / AmEx / Visa sends confirmation to the acquiring bank and payment gateway.
9. Within 15 minutes, the merchant receives information on the transaction if it is successful, and immediately after that the funds are withdrawn from the account of the cardholder.
10. Finally, funds are instantly credited from the buyer's account to the merchant's account.
The volume of e-commerce is growing from year to year. The security and convenience of accepting payments for online businesses can be provided by a payment gateway. Read about the principles of this system in the material.
What is a payment gateway?
A payment gateway is a technical solution that allows online business owners to accept payment on a website using bank cards. And it provides verification of customer data in the shortest possible time. This gateway is the link between the site and the acquiring partner. A reliable gateway must comply with PCI DSS standards. And all information is encrypted to prevent information leakage.
What should be payment gateways
Encryption of informationUndoubtedly, security is one of the first parameters that the user pays attention to. No cardholder would like credit card details to fall into the hands of third parties. Therefore, it is worth choosing reliable payment gateways with an encrypted and completely secure data transfer system.
Work 24/7The user should be able to make purchases at any time convenient for him.
Sending an authorization requestAs soon as the cardholder enters its details, the payment gateway checks whether there are enough funds on the card account and whether the issuing bank has any restrictions on this credit card. Immediately after receiving a response, the service sends the information to the merchant.
Order fillingDepending on what information was received, the order is taken into operation or canceled. Confirmation of the order status occurs within the payment gateway.
Anti-fraudThe payment gateway must have a system for monitoring fraud, assessing risks, tracking geolocation in order to secure the funds of the merchant and the buyer.
Compliance with standardsPCI DSS regulations change every year, becoming stricter. So, you can be sure that a payment gateway that fully complies with these standards is reliable and secure.
How does a payment gateway work
1. The user places an order online and decides to pay by credit card. The "pay" button redirects him to the credit card data entry page.
2. The card details are redirected to the payment gateway (along with the order amount).
3. This is followed by an authorization request sent by the payment gateway to the acquiring bank, and then to the international payment system (Mastercard / AmEx / Visa) to confirm that the card is valid and the operation does not look like a fraud.
4. If the card is protected by 3D Secure, the client will be redirected to a page with a password entry form (to make sure that he is the owner of the card). As soon as the password is confirmed, the issuing bank sends a notification to the international payment system (IPS).
5. The IPS sends the confirmation to the acquiring bank.
6. The payment gateway transfers to the acquiring bank the amount to be debited from the payment card.
7. The issuing bank checks if there is enough funds on the client's card and sends the required amount of money and confirms the IPS transaction.
8. Mastercard / AmEx / Visa sends confirmation to the acquiring bank and payment gateway.
9. Within 15 minutes, the merchant receives information on the transaction if it is successful, and immediately after that the funds are withdrawn from the account of the cardholder.
10. Finally, funds are instantly credited from the buyer's account to the merchant's account.
