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daksh007
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on Thu Jan 10, 2019 2:58 pm
There are many companies around the globe, which can't run a single day without online payment system reasonably as it conducts sales over the Internet is to accept payment via traditional, offline methods by taking orders through an address.
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daksh007
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on Thu Jan 10, 2019 2:58 pm
Payoneer is the oldest online payment system that has been spread around the world with a great sophistication as it has been comprised of many precise features like Payoneer enables users to accept and send funds as if they were managing their bank accounts and consequently business merchants and professionals are using Payoneer transaction system with a great trustworthy. .
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daksh007
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on Thu Jan 10, 2019 2:59 pm
ayoneer is famous for its free transaction system and that's why many people are being attracted to this. Alongside with Payoneer, there also have more ecstatic online payment system like PayPal, TrueMOney, SingTel etc.
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Abhishek
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on Thu Jan 10, 2019 2:59 pm
ACH payments are electronic credit and debit transfers, allowing customers to make payments from their bank accounts for utilities, mortgage loans, and other types of bills.
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Abhishek
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on Thu Jan 10, 2019 2:59 pm
ACH stands for Automated Clearing House and most payment processors offer ACH payment options to their customers, especially for monthly- and subscription-based transactions. Most payment solutions use ACH to send money (minus fees) to their customers.
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daksh007
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on Thu Jan 10, 2019 2:59 pm
Online payment system goes further. It includes payment solution and also some other tricks, giving you more control over cash flow, allowing to save on excessive taxes, etc.
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Abhishek
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on Thu Jan 10, 2019 2:59 pm
A merchant account is a bank account that allows a customer to receive payments through credit or debit cards.
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meenu007
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on Thu Jan 10, 2019 2:59 pm
Starting an online business is definitely an exciting task. The number of online businesses over the past few years have grown by leaps and bounds and having an online presence today has become crucial for brick and mortar brands as well.
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daksh007
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on Thu Jan 10, 2019 2:59 pm
Online payment systems are those interface which allows you to pay your debt through internet instead of going places.
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Abhishek
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on Thu Jan 10, 2019 2:59 pm
Merchant providers are required to obey regulations established by card associations. Many processors (such as the ones listed below) act as both the merchant account as well as the payment gateway.
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Abhishek
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on Thu Jan 10, 2019 3:00 pm
Merchant providers are required to obey regulations established by card associations. Many processors (such as the ones listed below) act as both the merchant account as well as the payment gateway.
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Abhishek
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on Thu Jan 10, 2019 3:00 pm
A payment gateway allows merchants to securely pass credit card information between the customer and the merchant and also between merchant and the payment processor.
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Abhishek
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on Thu Jan 10, 2019 3:00 pm
The payment gateway is the middleman between the merchant and their sponsoring bank.
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Abhishek
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on Thu Jan 10, 2019 3:01 pm
PCI compliance is when a merchant or payment gateway sets their payment environment up in a way that meets the Payment Card Industry Data Security Standard (PCI DSS).
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meenu007
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on Thu Jan 10, 2019 3:01 pm
As online shopping increases, many businesses are setting up digital shops to accept payments online and capture more sales. To be successful, businesses need to incorporate streamlined online payment processing. Before you get started, it's important to know the "three P's": Players, Payments, and Pricing.
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Abhishek
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on Thu Jan 10, 2019 3:01 pm
The PCI DSS standard was created by the Payment Card Industry Security Standards Council to increase security of cardholder data and to reduce fraud.
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Abhishek
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on Thu Jan 10, 2019 3:02 pm
1. Authorize.Net
Authorize.Net is the Internet’s most widely used payment gateway. With a user base of over 300,000 merchants, Authorize.Net has been the go-to method for e-commerce sites that need a gateway to accepting payments.
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meenu007
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on Thu Jan 10, 2019 3:02 pm
A user makes an order online and decides to pay for it with a credit card. He clicks on the “Order Now” button, and the website redirects him to the payment page where he enters all the credit card details essential to complete the payment process.
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Abhishek
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on Thu Jan 10, 2019 3:02 pm
2. PayPal
PayPal is the world’s most widely used payment acquirer, processing over $4 billion in payments in 2011. PayPal payments are made using a user’s existing account or with a credit card. Money can be sent directly to an email address, thus prompting the users to sign up for a new PayPal account.
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Abhishek
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on Thu Jan 10, 2019 3:02 pm
4. Amazon Payments

Amazon Payments allows its users to receive money using its API (and to send money out via ACH). Popular crowdfunding site Kickstarter uses Amazon Payments.

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meenu007
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on Thu Jan 10, 2019 3:02 pm
Data entered by the user is sent to the merchant who redirects it to the payment gateway along with the order amount.
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Abhishek
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on Thu Jan 10, 2019 3:03 pm
5. Dwolla
Dwolla is a direct competitor to PayPal. One of the newcomers in the third-party payments space, the company is processing over $1 million per day.
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Abhishek
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on Thu Jan 10, 2019 3:03 pm
Setting up Dwolla payments is similar to PayPal, although Dwolla doesn’t have the same name recognition as their competition.
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meenu007
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on Thu Jan 10, 2019 3:03 pm
Next, an authorization request from a payment gateway is sent to the acquiring bank and then to the IPS (MasterCard/AmEx/Visa) and issuing bank to make sure that the payment card in question is real and valid.
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Abhishek
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on Thu Jan 10, 2019 3:03 pm
6. Stripe

Stripe provides an excellent payment solution for web developers who would like to integrate a payment system into their projects using Stripe’s robust API.
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