High-Risk Payment Gateway
If you have an online business in Europe that can’t exist without or could benefit from a plethora of cashless payment options, you’ll certainly need a payment gateway that facilitates secure and reliable payment methods of your customers’ choice. Since a payment can’t be processed without first going through the payment gateway, it’s crucial to select a payment service provider that understands every aspect of your business and ensures compliance with relevant regulations so that your and your customers’ funds are safe.
A payment gateway is a client-facing type of software supplied by a payment service provider, integrated into an online store, which enables merchants to either accept or decline credit and debit cards and other methods of payment in a safe and secure way. This is the section of the website where a client is asked to select a payment method (credit or debit card, an e-wallet, or other) and enter the payment information.
Before diving into the finer details, you should know that there are two types of this payment software – low-risk and high-risk payment gateways. You need the latter if your business falls within the category of high-risk businesses.