Online payment gateway | PAYSTRAX

Online payment gateway

How quickly can merchants access funds after a successful transaction?

Each settlement date is discussed and decided with the merchant individually. Settlements can be transferred daily, weekly, monthly or under other terms.

What payment methods are accepted through the gateway?

With our online payment gateway you can accept Visa and Mastercard cards and their alternatives, such as Google Pay and Apple Pay.

How does risk management of the transactions work?

Each transaction is checked with AI tools set up in the system. If a transaction is detected as possible fraud, it is checked again by our security team. You can find more about risk and fraud management here.

What e-Commerce platforms does the payment gateway support?

Our payment gateway supports various e-Commerce platforms: WooCommerce, OpenCart, Shopify, PrestaShop, Magento, WP eCommerce, JigoShop, Drupal, xt:Commerce, Gambio, Modified, Commerce:SEO, MijoShop, AceShop, Oxid Esales, SEO Mercari, JTL Shop, Shopware.

How does a payment gateway work?

When a customer presses “buy” or inserts their card into a POS terminal, they are taken to a payment gateway (checkout). During those few processing seconds, the payment gateway conducts various risk checks and the acquirer is connected to the bank that issued the card, requesting transaction approval. The transaction is either approved or denied and the money from the customer is placed in the acquirer’s funds that are released later.

What is a payment gateway?

A payment gateway is a technology platform that enables businesses to securely accept and process payments from customers, acting as a bridge between the merchant and financial institutions. It encrypts and transmits payment information, conducts fraud checks, and facilitates various payment methods.

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