PayPal handles 60% of web transactions, leaves Google in the dust. PayPal processes 60% of web transactions, Google is the fastest payment gateway, and some unlucky surfer had to wait over 92 seconds for his online purchase to complete.
Those are only a few of the findings in New Relic’s study of the web’s most popular payment gateways (infographic below). A payment gateway is the web equivalent of a modern cash register: It ensures that you are you, that you appropriately have access to your card, and that you can, in fact, be trusted to pay for the purchase you’re making.
New Relic, a web-app performance management company, monitors 38 billion transactions daily for clients such as Nike, Groupon, and Zynga. The study focused on transactions by 21,000 web applications and came up with some astonishing findings. PayPal is by far the biggest payment processor on the web, at least according to this sample. Google does win, however, in the speed category. The longest transaction, by far, was via an Australian payment gateway, Eway.com.au. DataCash Processing Secure Internet Payments (Credit and Debit Card, Direct Debit, Online Cash) Nochex Merchant Accounts: Credit and Debit Card Processing Online. Online payment processing methods. Payment Gateway. Payment gateway.
A payment gateway is an e-commerce application service provider service that authorizes credit card payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar.[1] A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the Front End Processor or acquiring bank.
Typical transaction process[edit] When a customer orders a product from a payment gateway-enabled merchant, the payment gateway performs a variety of tasks to process the transaction.[3] A customer places order on website by pressing the 'Submit Order' or equivalent button, or perhaps enters their card details using an automatic phone answering service.If the order is via a website, the customer's web browser encrypts the information to be sent between the browser and the merchant's webserver. In between other methods, this may be done via SSL (Secure Socket Layer) encryption. Security[edit] List of on-line payment service providers. Payment Gateway Popularity Contest. PSP: payments in e-commerce. Payment Gateway - Online Payment Processing. The fully customizable way to get paid securely.
Now you can expand your business to the internet with total security and control. Payflow Pro is the ideal solution for established businesses that want to keep their existing bank relationships but also require peak site performance, direct control over payment functionality, and scalability. Payflow Pro is an industry-leading payment gateway that connects your internet-enabled merchant account to your website, where you can directly accept credit cards, eChecks, and PayPal® with ease and security. Payflow Pro is: A payment gateway. Payflow Pro provides a complete solution for businesses that demand an integrated payment service designed specifically for the internet.
Payflow Pro is the perfect choice for businesses that require peak site performance and direct control over payment functionality. How it works. The following diagram provides an overview of how Payflow Pro works After you’ve set up Payflow Pro,it’s easy to manage your account.