Payment processors are companies, usually third-party, that handle payment transactions between the merchant and customer by relaying payment information from the customer to the merchant’s bank account. They enable merchants to receive debit or credit card payments online by providing a connection to an acquiring bank.
We here at Agapay can help you. We have a large portion of our portfolio with high risk clients and have a fantastic relationship with them and our banks. With our hands on service and dedicated support team we make sure even our high-risk clients get the support they deserve to be as successful as they want to be!
A payment gateway is needed to accept debit or credit cards payments for online merchants and small or big businesses. The gateway manages these transactions by encrypting all the data and sending it to a specific payment portal, bank or front-end processor. A payment gateway accepts, processes, and authorizes all debit and credit card transaction.