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A payment gateway is a merchant service that securely transmits customer payment information to financial institutions, enabling businesses to accept payments online or in-store. It acts as a digital bridge between a merchant’s point-of-sale system and payment networks, authorising debit, credit, or direct payments for businesses.
Payment gateways protect sensitive information through encryption and tokenisation helping businesses meet strict security standards such as PCI DSS compliance.
Payment gateways are essential for digital businesses like e-commerce stores and forex services, as they secure transactions, encrypt payment details, and prevent fraud when merchants cannot physically verify customers. Without a payment gateway, online businesses would have no safe or efficient way to accept card payments or digital wallets on their websites.
End-to-end encryption and tokenisation protect sensitive payment data throughout the transaction process.
Real-time monitoring identifies suspicious activities before they impact your business.
Connect effortlessly via flexible APIs, server-side SDKs, and plugins for top e-commerce platforms and CRMs. Simplify mobile payments with our iOS and Android SDKs.
Enhance customer experience with traditional and fast checkout options to reduce cart abandonment and boost conversions.
Accept payments in 135+ currencies with competitive exchange rates for international market reach.
Transparent pricing structure with lower processing costs compared to traditional payment providers.
Handle recurring billing efficiently with flexible tools designed for sustainable revenue growth.
Navigate international regulations with built-in compliance tools for VAT, taxes, and regional requirements.
Choose Paynt Payment Gateway for Reliable and Fast Payments with Free Setup and Support
At Paynt we focus on delivering technical advancements in the payments industry tailored to help merchants and partners unlock new revenue opportunities.
Combine both payment gateway and payment processing capabilities in a single integrated service.
Enjoy fast and hassle-free access to our team for efficient support and collaboration.
Partnering with Paynt allows you to support merchants of all sizes across the EEA, UK and USA.
Combine both payment gateway and payment processing capabilities in a single integrated service.
PCI DSS compliance, tokenisation, and encryption behind the scenes.
Paynt offers favorable exchange rates across 135+ currencies.
Access to 24/7 technical support whenever you need it
Businesses need a Payment Gateway because digital payments require secure processing, validation, and settlement between multiple financial institutions. While complex security processes happen behind the scenes, customers experience a simple, frictionless checkout with peace of mind that their transaction is secure. Payment gateways help businesses reduce abandoned carts by providing the perfect balance of speed, security, and user experience.
Businesses need payment gateways for:
Encrypts payment data and maintains PCI compliance
Validates customer funds and helps prevent fraudulent charges
Processes international payments and handles currency conversion
Automates payment reconciliation and provides transaction reporting
Enables smooth checkout processes and multiple payment options
At Paynt, we understand that offering a variety of payment options is crucial for modern businesses to meet customer expectations. That’s why our card machines are equipped to accept a wide range of payment types, ensuring your business is always ready for the next transaction.
Paynt processes major card networks including Visa and Mastercard, ensuring your business can cater to the most widely used card providers in the world. Our system handles both consumer and commercial cards, supporting features like 3D Secure authentication and recurring billing. Merchants benefit from optimized authorisation rates and streamlined refund processing across global card networks with Paynt.
Our platform integrates with popular digital wallets including Apple Pay, Google Pay, and Samsung Pay. These wallet payments offer enhanced security through tokenisation and biometric verification while providing customers with quick, convenient checkout experiences. Paynt's digital wallet support helps merchants capture the growing segment of contactless payment users.
A payment gateway works by securely processing digital payments between customers and merchants through a series of encrypted steps. It receives payment information from customers, encrypts the sensitive data, transmits it to the relevant financial institutions for authorisation, and manages the settlement process to transfer funds. This enables safe and efficient payment processing while maintaining compliance with security standards.
A Payment Gateway works as follows:
1.
Payment Initiation: Customer enters their payment details including cardholder name, card number, expiration date, and CVV code.
2.
Data Protection: The payment gateway immediately encrypts the sensitive card data and generates a token to replace the card information via a process called tokenisation.
3.
Data Transmission: The encrypted, tokenised transaction data moves from the payment gateway to the payment processor used by the merchant's acquiring bank. The gateway converts this data from XML to ISO 8583 format, making it compatible with electronic fund transfer systems.
4.
Payment Processing: The payment processor then forwards these details to card associations like Visa or Mastercard.
5.
Authorisation: The issuing bank validates the request and returns a response code indicating approval or denial, with reasons for any declined transactions. For approved transactions, the issuer places an authorisation hold for the purchase amount.
6.
Merchant Confirmation: The response travels back through the payment processor and gateway to the merchant's website, completing the authorisation phase.
7.
Settlement Process: The merchant submits approved authorisations in a daily batch to their acquiring bank. The acquiring bank requests settlement from the card issuer. The card issuer then makes payment to the acquiring bank, typically the next day. The acquiring bank deposits funds into the merchant's account to complete the settlement process.
Merchants have the option of two integration types:
1.
Hosted Integration: The payment gateway provider hosts the payment page on their secure servers. Merchants redirect customers to this hosted page for payment processing. This method reduces PCI compliance requirements and offers simpler implementation but provides less control over the checkout experience.
2.
Self-Hosted Integration: The payment form exists within the merchant's website. This method offers complete control over the user experience and enables advanced customisation options. However, it requires higher PCI compliance standards and more technical expertise for implementation.
Paynt helps prevent fraud by deploying multiple layers of security technology that detect and block suspicious transactions before they impact merchants. This comprehensive approach protects businesses from financial losses while maintaining smooth customer experiences.
Paynt's fraud prevention includes:
Paynt customer support is available from 7am and 5pm GMT (UK Time) Monday to Friday. Help centre and intercom chat support is available 24/7.
