What is a Payment Gateway? How to Use One to Process Credit Card Payments

#paymentgateway #whatisapaymentgateway #paymentgatewaytutorial
Payment gateways have made the eCommerce revolution possible. Over the last 25 years, eCommerce has radically transformed how we shop for and buy things. Today, we can buy things online from the comfort of our own homes, and using credit cards to pay for those things is usually both convenient and secure.
Of the numerous software applications that make this possible, none is more important than the payment gateway. In this video, we’re going to explain what a payment gateway is, how it works, where you can get one, what features to look for, and how much you can expect to pay for one.
LINKS MENTIONED IN THIS VIDEO:
How to Use a Payment Gateway [Full Article] www.merchantmaverick.com/paym...
Guide to Recurring Billing
www.merchantmaverick.com/recu...
CREDITS:
00:17 - online shopping - geargodz - Envato Elements
00:19 - credit card - M0DE0N - Envato Elements
01:35 - payment process - petrunine - Envato Elements
01:56 - digital pipeline - BlackWhaleMedia - Envato Elements
02:08 physical terminal - limart163 - Envato Elements
02:18 - order phone - kotlyarn - Envato Elements
04:46 - payment cut - Stockwood - Envato Elements
05:28 - lose trust - stock_cookie - Envato Elements
06:12 - handle everything - KinoMaster - Envato Elements
07:21 - slice out of the pie - JuliaBajneva - Envato Elements
08:41 - sale internationally - stockfactory - Envato Elements
08:56 - taxes - Stockwood - Envato Elements
09:12 - pplug and play - RuslanMikaielian - Envato Elements
11:15 - encrypt - stockfactory - Envato Elements
Music:
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[@jasminethomas5247]

Love the content. I am a new business owner!

[@MerchantMaverick]

Congrats on your new business!

[@bradbaker3271]

I don't understand "and the fees owing to all parties of the transaction." Could you break this down for me? Thanks! (4:30)

[@MerchantMaverick]

Hey, Brad! When it comes to payment gateways specifically, you’re usually just paying the gateway service (or payment processor) if they’re one and the same. With that being said, a gateway isn’t much use on its own. To learn more about payment gateways and how they work, check out our detailed article! www.merchantmaverick.com/payment-gateway/

[@KanicaBhushan]

Hi, it's a really informative video! I just wanted to know how a bank can support the payment module if I receive money from the customer, deduct my fee, and then transfer the rest of the amount to the seller.

[@MerchantMaverick]

Hi Kanica! We aren't sure what you mean by "payment module." Do you mind clarifying a little bit more for us?

[@danielquist4799]

Please am confused. I don't understand it

[@MerchantMaverick]

Hey, Daniel! We're sorry to hear you're still confused after watching our video. Have you tried checking out our full article on payment gateways? It might be an easier way for you to digest the overall process & all the information. We hope this helps! www.merchantmaverick.com/payment-gateway/

[@meekbronsen6668]

DO you teachers teach with a black board?

[@MerchantMaverick]

Hey there! That's something we've never considered but will certainly look into. We appreciate the feedback! Thanks for stopping by 😊