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In a modern digitalized environment there is almost no place for legacy point-of-sale and checkout terminals that encroach upon time and are not as sophisticated as their contemporary counterparts. You can get online payment gateway methods through renowned EPOS software by Cutpay merchant services.

Nowadays each customer who is willing to process payments via a secure online gateway is likely to opt for a proficient service provider represented by a lot of payment processors, independent payment providers, organizations with service packages for businesses of any size and scope of operation.

An online payment gateway is meant for any type of transaction processing, which is carried out online through an accessible merchant account. Depending on the type of merchant account, there is a special focus to be made on the type of business you run, the way of processing, etc.

For the owner of a medium size shop, there is a good option to get a retail merchant account, while an internet merchant account is better tailored to serve the daily needs of any e-commerce shop.

When you are finally done with your decision-making, it is the right time to analyze the variations of payment gateways that complement your merchant account.

There are three major categories of payment gateways: e-commerce gateways, desktop payment gateways, and credit card terminals. The latter is a common method of payment processing for face-to-face transactions offered by a payment service provider.

As for credit card terminals, they operate with a very well-integrated chip-and-pin reader needed for transaction authorization and processing. Compared to the other two gateways, credit card terminals are less popular. However, without a payment gateway, e-commerce stores and shops won't be able to generate revenue from sales.

Classification Of Payment Gateways