As a consumer, whenever you take a look at of your local convenience store, it’s possible you’ll swipe your credit card through a degree-of-sale device and your gas, coffee, and donuts are paid. But what if you’re the retailer and your corporation is online? It’s not like you’ve got a card-swiping system at every buyer’s PC! There have to be a means so that you can process that information. Basically, that is the job that a cost gateway does for on-line retailers. Roy Banks, president of Authorize.net, a pacesetter in the fee gateway industry, describes his firm’s perform as “the digital model of a hardware level of sale terminal.”

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