Choose Your Payment Gateway in Easy Steps

 1  Know Payment Gateway Definition
Payment gateway is an infrastructure to enable a web merchant having an online ECommerce store to charge a customer from his credit/debit/prepaid card or bank account(netbanking) resulting in transfer of funds electronically from customer’s account to merchant’s account.
 2  Learn payment gateway & Ecommerce terminology

Payment Gateway

A payment gateway is an Ecommerce online transaction processing platform/interface which allows a merchant(you) to receive payment online from customers using various types of cards and netbanking facilities

 

3  Read Pros & Cons of accepting cards online?

4  Are you selling any banned products?

5  Which factors to look for when comparing payment gateways?

6 Learn about Merchant Account Fees that you may need to pay to payment gateway service providers

7 Do a Price Comparison of payment gateways in China.

 

8 Any doubts? Raise it in our Payment Gateway Forum. We'll try to respond to your queries in the discussion forum. 9 Go through this checklist before you apply for a merchant account so that your website does not get rejected! 10 Done. You'd have finalized a suitable payment gateway. Apply for it.

 We are professional High risk products of online payment gateway leader , we have established strategic partnerships with VISA, MASTERCARD, JCB, AE. we have members in 190 + countries, supports 21 currencies and offers localized banking in 46 countries. We are always working on making our services available to more people all over the world.

we are the professional online payment gateway ,we can accept visa,master ,JCB,AE credit card payment method ,all high risk  business types welcomed! 99.9 % approval rating!
24/7/365 customer service   
All high risk business types welcomed!
99.9 % approval rating!
Never locked your merchant account!
Low, competitive rates
Contact info : skype name:goodluck3801
E-mail: paymentgateway@yahoo.cn
website site:http://www.ecpss.com/index_en.html 

How do payment gateways work?

        You know those machines where you swipe your credit card in restaurants and retail stores? A payment gateway is kind of like one of those, just without the need for a card to be present to be charged. It is literally a gateway between you, your client, your client’s credit card provider and your bank.
The main job of the gateway is to validate your client’s credit card securely, make sure the funds are available, and get you paid.

   Some gateways also require what’s called a merchant account. A merchant account is essentially just a special kind of bank account that handles your funds received via credit cards. If you have a storefront or a retail business, and are swiping people’s cards, then you already have a merchant account.
Even if you do already have a merchant account, there’s still one step you should take if you want to start accepting online transactions. You’ll need to give your bank a call and ask them to set you up for an Internet merchant account. This is different from a regular merchant account, because it gives you the ability to process credit cards without the card being physically present for the transaction.

If you do not have a merchant account or are not interested in getting one (it can take some jumping through hoops to get set up), ECPSS can be a great way to start. ECPSS functions a little like a merchant account add-on for your existing bank account. You can collect credit card payments in your ECPSS account, then link it to a personal bank account (most people forget this step) to transfer the funds as necessary (note: not automatically – you have to specifically choose to transfer the funds).

   If you would like to get a merchant account (a good idea if you’re processing a lot of transactions), then all the payment gateways will help you get one. The process does require some paperwork, however, and a few days (two to five) for them to run the appropriate credit checks.