What Is a Payment Gateway?

Vellis News

01 Apr 2025

A payment gateway is the technology that enables businesses to securely process online transactions. It acts as a bridge between customers and merchants, ensuring sensitive payment details — like card numbers — are encrypted and safely transmitted.

Vellis News

01 Apr 2025

The Automated Clearing House (ACH) is the backbone of electronic payments in the U.S., handling direct deposits, bill payments, and business transactions. This network processes billions of ACH payments each year, connecting over 10,000 financial institutions.

Vellis News

01 Apr 2025

Whether it’s conducting important international transactions, playing a fun game on a PC, or doing online shopping, every business wants and needs to enable safe and tangible transactions. However, certain businesses and industries are characterized as high-risk, hence they are prone to fraudulent activities, chargeback, and regulatory problems.

Vellis News

01 Apr 2025

Relying on technology has its perks. Nowadays, there isn’t a single business or industry that doesn’t reap the benefits of technological advancement. Many industries seek a more eligible, straightforward, and easier way of conducting business and receiving payment. Hence the payment gateway. Online transactions have never been more secure, hands-on, and seamless, hence it’s each industry’s task to select the right payment gateway for their business to reach a global audience, ensure an easier flow of funds, boost safety, and upscale transaction processing.

Vellis News

01 Apr 2025

Conducting business in this thriving financial world faces an abundance of challenges. If you are conducting business in high-risk industries such as gambling, there are bound to be even more challenges. Hence, high-risk payment processors act as individual financial service providers that handle transactions for such risk-considered businesses.

Vellis News

01 Apr 2025

Numerous banking translations, whether online or in person, cannot be conducted without having a specific account. Many people may not be acquainted with this financial notion, but there is a clear distinction between a merchant account and a business bank account. A merchant account is a type of a bank account but rather acts as an intermediary between the customer’s payment and the business’s bank account. On the other hand, a business bank account is a traditional bank account mainly used for conducting a company’s finances. It’s of utmost importance to understand both for managing business finances, conducting payment processing, handling payrolls, and many others.

Vellis News

01 Apr 2025

With the ongoing technological developments and futuristic approaches to various advancements, the rise of cyber theft and online security breaches has unfortunately become a common factor. Due to the fact that numerous businesses and stores have shifted their payment systems online and through various practical payment methods, it’s no wonder that many fraudulent activities have become apparent in such digital escorts.

Vellis News

01 Apr 2025

Chargebacks happen when customers dispute a credit card charge, leading the bank to reverse the transaction. While this process protects consumers from fraud or billing errors, it often leaves merchants with financial losses and additional fees. With 27% of retailers reporting an increase in chargebacks, businesses must adopt strategies to prevent chargebacks and safeguard revenue.

Vellis News

01 Apr 2025

3D Secure adds an extra layer of protection to online payments by verifying transactions with temporary PINs or biometrics. Developed by Visa and adopted by Mastercard and others, it works behind the scenes with your bank and the retailer to confirm your identity. When you see the Verified by Visa or Mastercard SecureCode logo, you know your payment is safer. Plus, newer versions make the process smoother with biometric authentication for added security and convenience.