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A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1]
A payment processor is in charge of facilitating the transaction, whereas a payment gateway acts as the bridge between your merchant account and the customer’s bank account.
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers , and those who accept them, i.e. retailers .
Stripe provides application programming interfaces that web developers can use to integrate payment processing into their websites and mobile applications. [37] The company introduced Stripe Connect in 2012, a multiparty payments solution that lets software developers embed payments natively into their products.
Bambora was founded as Beanstream, was founded in 2000 in Victoria, British Columbia, by entrepreneur and military veteran Craig Thomson.It was created to facilitate online payments, and quickly expanded into the United States as one of the first gateway payment systems in North America.
Authorize.Net was founded in 1996, in Utah, by Jeff Knowles. [4] As of 2004, it had about 90,000 customers. [5]Authorize.Net was one of several companies acquired by Go2Net, a company backed by Microsoft founder Paul Allen, in 1999, [6] for US$ 90.5 million in cash and stock. [7]
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