Payment Gateway 

A Payment gateway is a tool or portal that helps the client to enter their card or banking details to process the payment for any purchase or services on a merchant’s website. The payment gateway securely validates the customer's credit card / Banking details; ensuring funds are available for making the transaction and transfer the customers banking details with merchant and the bank.

Payment Gateways are necessary for any kind of business that accepts payments online, to circulate the necessary data between the entities involved in the payment.

Best Payment Gateway  

The best way to get a payment gateway integrated with your merchant website is through a payment service provider. Offshore Payment gateway helps the merchants to avail the best suiting payment gateway tailor made for your business type.

Once the customer initiate the transaction by entering the card details , payment gateways securely sent the entered card details to the acquiring bank and the acquiring bank sends the information to the issuing bank for approval. The Issuing banks sends the approval or decline status after a fraud check to the acquiring bank and the same is carried forward by the acquiring bank to the payment gateway. 

Payment gateway will be directing the same message , whether its declined or approved to the customer, If approved the acquiring bank will collect the fund and store the same in the merchant bank account.

Payment Processor 

Once the credit card / Online transaction is processed, Payment processor acts as as the mediator between the merchant, issuing bank and the acquiring bank. The transaction is authorized by the payment processor and works to ensure merchants get paid on time by transferring the funds to the merchant’s bank account. Payment Processors has to abide by the guidelines set out by the PCI DSS and other relevant authorities to ensure the card / banking details of the customers are safe and not misused in any manner. Unlike a payment processor the Payment gateway providers is an encrypted application that authorizes credit card or direct payments processing for online transactions where card is not present.

The major advantage with offshore gateways as a payment processor is that we have the most competitive fee structure and cover almost all the major currencies and geo regions which can give the merchant and extra edge over their competitors and enables them to cover wide range of markets and with a high approval ratio. 

What is a payment gateway and how does it work?

A payment gateway enables merchants to accept credit cards and debit cards whether they are operating online or offline. The numbers associated with credit cards must, however, be protected. Using an online Payment gateway services, the merchant's website is able to connect with the bank's website.

https://www.offshoregateways.com/payment-gateway 
https://www.offshoregateways.com/crypto-payment-gateways 
https://www.offshoregateways.com/payment-gateway-for-iptv-non-3ds-3ds-channel 
https://www.offshoregateways.com/multi-currency-payment-processing-gateway 

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