New to Electronic Payments? Start Here

Those new to electronic payment processing often ask, “Why do I need a payment gateway?” It’s a great question and this article will help explain.

In order to process electronic payments such as credit cards, debit cards, and ACH/electronic check payments, merchants work with payment gateways. A payment gateway sends the electronic payment data to a processor/acquiring bank that routes the payment securely to the issuing bank. A payment solution handles this complex workflow in mere seconds. An issuing bank maintains the consumer’s credit card account and pays out to a merchant’s account when the consumer makes a credit card purchase.

The gateway can be one piece of an overall payment solution. TrustCommerce payment solutions include gateway functionality, and much more.