Payment Gateway vs. Payment Processor Explained

Most modern business owners and operators at some point have to deal with e-commerce transactions for their business. In the process of setting up an over-the-web payment process, chances are you’ve heard of the terms “payment gateway” and “payment processor.” At a glance, the two phrases seem synonymous. They are not. In fact, the payment gateway and the payment processor are two entirely different things. In order to optimize your on-the-internet payment process for security and customer experience while reducing costs, it’s important to understand exactly what these two distinct services are and what they mean for your business’ web presence. This is a closer look at the role that they play in accepting customer payments and moving the transaction balance to your account. The Four Key Players Before understanding the specific role of a payment gateway and a payment processor, it’s important to clarify the four parties that are involved in any…

Read Full Post
Apple Pay Ecommerce Checkout

Simplify Your Checkout Experience Online With Apple Pay

Apple Pay, is quickly rising to the top of our most favorite ways to pay in many convenience stores. It has now had a successful run over the last few months in ecommerce stores online. macOS has slowly been rolling to convergence with iOS and it’s bringing exciting new features such as payments to web merchants! How Apple Pay is Simplifying Payments With the rollout of EMV at the register, Apple saw an opportunity to jump into payments and smooth the road for a faster way to pay. Apple Pay made it easier for customers to pay without ever having to insert or swipe their card. Many businesses started pushing out contactless readers as they became easier to acquire and with the EMV update many stores had little option to avoid the upgrade.   “It’s amazing, hitting the checkout button, pressing down my thumb and seeing the product show up…

Read Full Post
Choosing a Credit Card Processor

The Software Developer’s Tips for Choosing a Payment Processor

Our hats go off to all the software developers out there. They’re creating some of the most amazing ways to interface with the world and make our lives and businesses better every day. Nowadays, most SaaS products, web applications or other technology requires a payment system on the back-end. When you’re at the point in development where you’re looking to integrate a payments solution, it’s important to keep these four considerations in mind. 1. Long Term Cost When evaluating a payment partner for your software it’s important to keep the long-term costs in mind. Even though a processor may offer an upfront discount, you should think about what your 3-year and 5-year costs would be. By partnering with a processor that offers a lower per transaction fee, you’re not going to let payment bills get the better of you down the line. 2. User Experience After the technical “bones” of…

Read Full Post