A Quick Overview of Top Payment Gateways Software and the Difference between Payment Gateways

www.360quadrants.com

A Quick Overview of Top Payment Gateways Software and the Difference between Payment Gateways & Payment Processors

https://www.360quadrants.com/software/payment-gateways

Payment gateways software process card payments for traditional brick &mortar stores as well as for e-commerce sites.

They are the equivalent of a cash register in an electronic transaction, which needs to be both convenient and secure to use. Payment gateways encrypt card data as it travels between seller and buyer. These best Payment Gateways Software also securely authorize transactions, enabling the interface and website to proceed to the next action.

Top ten vendors of Payment Gateways Software include – PayPal: PayPal is one of the most popular payment gateways in the world. It is a payment partner that supports growing businesses and helps sellers operate across multiple platforms and markets. PayPal enables transfers in real-time and is very secure.

WePay: WePay processes credit, debit, and ACH payments. It is a highly secure system with robust fraud detection. WePay services are especially useful for crowdfunding platforms.

Skrill: Skrill is available for Windows, Android, Linux, iOS, Mac, Windows Mobile, and browser. It caters to small businesses, medium businesses, freelancers, and enterprises. Available worldwide it also has the provision for cryptocurrency payments.

Payoneer: Payoneer enables freelancers and small businesses to actively participate in the worldwide marketplace.

Payoneer’s mass payout platform enables businesses to pay remote workers and contractors easily. It provides world-class payment services that are secure, inexpensive, fast, and client-friendly.

https://www.360quadrants.com/software/payment-gateways

Apple Pay: ApplePay is widely accepted, easy to use, simple, secure, and private. The gateway can be used to replace a regular wallet and comes with a variety of useful features.

Bolt: Bolt boosts the payment and checkout processes of e-commerce sites and online businesses. Its short and disruption-free checkout operations help reduce checkout abandonment. It also ensures safe and secure transactions using cutting-edge encryption and offers advanced payment management features.

Paytm Business: With Paytm Business, users can bolster their e-commerce websites and mobile applications with a robust payment gateway interface. It allows online businesses to improve their sales numbers through secure and speedy checkouts, effectively reducing the rate of checkout abandonment. Its powerful analytics provides useful insights into potential areas of improvement to businesses.

Neteller: Neteller facilitates international payments, making it useful for large scale organizations. The unique implementation of customizations, APIs, and software integration for e-commerce and accounting options make it a useful payment gateway solution.

Adyen: Adyen offers a flexible platform that can accept numerous local payment methods and facilitates easy integration. Merchants can integrate Adyen with their mobile site, website, or app and use features such as one-click checkout and recurring payments.

Worldpay: Worldpay is an expert in dealing with numerous forms of payment methods that international merchants can use to protect their consumers from fraud. Worldpay supports more than 120 currencies and services over 40 countries worldwide.

https://www.360quadrants.com/software/payment-gateways

Other advanced payment gateways software include Airpay, Arcus, Atom Technologies, Boku, Citrus, eWay, GetSimpl, Handle, iFrame, Ingenico ePayments, Innoviti, JUDO, Jupiter, Lydia, MobiKwik, Moolah, PayKun, PineLabs, Razorpay, Reach, Rewire, Settle, Simpl, TSYS, and Wirecard.

The difference between gateways and processors While many merchants use the terms ‘payment gateways’ and ‘payment processors’ interchangeably, there is an important distinction: A payment processor analyzes and transmits transaction data, including the transmission of relevant information to issuer banks, such as the card number that links to a bank account. Payment gateways, on the other hand, do the same work but also authorize the transfer of money between seller and buyer.

The difference may appear subtle to some users, but the gateway is the overall system at the point of purchase, while the processor is the part of the process that ‘swipes’ the card and checks the data with the issuing bank. Just like a payment gateway, a processor can include both hardware and digital components, or it can process data using only software.

https://www.360quadrants.com/software/payment-gateways

About 360Quadrants 360Quadrants is the largest marketplace looking to disrupt US $3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. 360Quadrants enables vendors to influence the business decisions of potential clients. Vendors get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 total buyers across various markets.

https://www.360quadrants.com/software/payment-gateways

Contact: Mr. Agney Sugla agney@marketsandmarkets.com 630 Dundee Road, Suite 430 Northbrook, IL 60062

https://www.360quadrants.com/software/payment-gateways