What is the difference between a payment gateway and a payment processor?

Mar 08 - 2022

Whatisthedifferencebetweenapaymentgatewayandapaymentprocessor?

First of all, I would like to clarify one thing that is often mentioned. Payment gateways and payment processors are different. You probably have a pOS system or a bank that offers online payment processing, which is great. But not all of these companies have their own special payment gateways that integrate Woocommerce. If possible, we encourage you to use your current processor, the price is better for you. As long as you know you need a gateway to use it, you will incur additional setup costs. Limit the need to track additional financial accounts using the payment processors you have in place. This article will introduce payment gateways for payment processors.

Does every e-commerce website need a payment gateway?

From products and services to gift cards and donations, every money transfer website needs a payment gateway. Not only do these best payment gateway for ecommerce have the ability to process payments, but they also have a method of preventing fraud, and payment processors move funds securely between you and your customers. Trust us, they want this. 85% of web users say they would not buy from a website that is unsure whether their data is being transmitted securely.

What is SSL? Do I need one?

SSL stands for Secure Sockets Layer, a security protocol developed for sending information securely over the Internet. Many websites use SSL for secure areas of their website, such as user account pages, web forms, and online checkout. When your e-commerce site has HTTPS, your customer information and purchases are encrypted from the browser to your server. This makes it harder for outside parties to steal or extract customers' personal or financial information. This usually looks as simple as HTTPS and a security lock icon in a web browser address. In fact, most browsers display insecure information in the address field when there is no SSL on the website. This has a big impact on those who browse and buy online with confidence. If you want to pay on the spot, there is no way, you need SSL.

To be honest, every website should have an SSL certificate. Since search engines like Google see this security as an indicator that you will keep your users' information safe, it has become an important ranking factor in SERp (Search Engine Results Pages).

By:Helena