- The Product Fly
Payment Gateway vs. Payment Processor
Updated: Dec 6, 2021
Payment gateways are used to process payments on the internet. Payment processors, on the other hand, are responsible for processing credit card transactions by either electronically transferring funds from your customer’s account or delivering a paper check to the individual who made the purchase. Payment processors are just one of many ways that can accept online payment while payment gateways enable you to do so.
The Payment Processor is more expensive than a Payment Gateway because it charges separately for all services it provides and does not have any additional features. A Payment Gateway includes transaction fees with its service but lacks some of the added benefits that come with using a Payment processor.
Who Needs a Payment Processor?
A Payment Processor is an essential part of any business that desires to accept payments online. This is because a Payment Processor helps to protect your business from fraud and Chargebacks while also providing you with information about your orders.
If you are a small business, then you may be able to get by without using a Payment Processor; however, as your business grows, the need for a Payment Processor will become increasingly important. Larger businesses will definitely need to use a Payment Processor in order to handle the large number of transactions that they process on a daily basis.
Who Needs A Payment Gateway?
Every business accepting credit cards can benefit from a payment gateway. Payment gateways provide a way for businesses to securely process payments online. They also offer a number of features that can help businesses manage their payments and track their orders.
Payment gateways are an essential part of any business that wants to accept payments online. They help protect businesses from fraud and chargebacks, and provide information about orders. Payment gateways are especially important for larger businesses that process a large number of transactions each day.
Who Do We Recommend?
Helcim is a company that helps small and medium enterprises to pay online by providing Payment Gateway services. Payment Gateways are the online technology that enables you to accept credit card payments on your website. Payment Processors, on the other hand, process credit card transactions by either electronically transferring funds from your customer’s account or delivering a paper check to the buyer. Payment Processors are more expensive than Payment Gateways because they charge separately for all services it provides and do not have any additional features. A Payment Gateway includes the transaction fees with its service but lacks some of the added benefits that come with using a Payment Processor such as fraud protection and detailed order information.
Helcim offers Payment Gateway services at $19 per month
Read our full helcim review here