A Payment Gateway is a mechanism, or payment technology, that allows us to make online transactions between a merchant and its customers, as well as all those online purchases that you want to carry out.
Thanks to this technology, we can carry out transactions in a comfortable, safe and easy way, transmitting the banking data provided by the client, from a website to the entity that processes the payments. Then, the payment processor, issues a response on the transaction, if it is accepted or not, and shares it with the website and the customer.
In short, a Payment Gateway could be defined as a tool that creates a bridge between the payment processor, the merchant, the acquiring bank, and the customer, to whom it reports the status of their purchase.
It is important not to confuse the concepts of Payment Gateway and Payment Processor: the Payment Gateway, is the tool that authorizes and transmits, in a secure way, all the online banking data to the processor that will process them during the transaction. The Payment Gateway is like an online point of sale terminal for your business, while the Payment Processor, executes the transaction by transferring the banking data extracted from the customer, to the merchant, the issuing bank and the acquiring bank.
At Shasta Payments, we are licensed to act as a Payment Gateway and are specialists in Payment Processor technology. We offer technological services and solutions to Fintech, Marketplaces and E-commerce companies, so that they can manage their digital payments in the most efficient and secure way possible.
If you would like to obtain more information, resolve any doubts or receive our advice, please do not hesitate to contact us. We will be happy to offer you our help and advice so that you can make your payments as efficiently as possible.