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Payment Gateway vs. Payment Processor: What's The Difference? With Chargent
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- Опубликовано: 17 авг 2024
- ✅ Are you a Salesforce Admin or Consultant? If so, then learn more about Salesforce Payments and get the checklist - "10 Ways To Make Salesforce Payments Safe, Easy And Profitable". In this checklist (link below) you'll learn how to take charge of your billing and recurring payments directly in Salesforce, reduce your PCI compliance burden, lower your payment processing fees, and so much more!
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🏆 THE GOAL: In this video, you will learn the difference between a Payment Gateway and a Payment Processor. To summarize it quickly, the processor moves money, while the gateway approves transactions and to the untrained eye, it may seem like the two services are a single entity, however in reality they’re not.
Companies like Stripe perform both services, however there are companies that only provide payment gateway services, which are now considered the exception and not the rule. Typically most businesses that are going to sell you one service are going to sell you the other. Payment gateway services are fairly new and weren't needed until the first e-commerce transaction in 1992. They get you an approved or declined message fast and they look out for fraud. However the Payment Processor is much older and primarily moves money from the Payee’s account to the Merchant’s account who is accepting the money. They also ensure that the card issuer and card networks receive their fees (like Mastercard and Visa) from the merchant.
Do you want to see more videos from us? Then leave a comment and let us know what you want to see next. At Chargent we specialize in Salesforce payments, so make sure to like, subscribe and turn on your bell notifications for more!
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⏭️ BLOG POST: If you want to go more in-depth about this topic, take a look at our blog post:
www.appfrontie...
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⏭️ RELATED: How To Process Payments In SALESFORCE
• How To Process Payment...
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⏭️SKIP AHEAD
0:00 Intro
0:20 The Difference Between A Payment Gateway and a Payment Processor
1:21 Payment Gateway Explanation
1:50 Payment Processor Explanation
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🧔🏻 ABOUT CHARGENT:
Chargent makes payments simple for you and your customers. Chargent payment enables any object in Salesforce, ensuring you get instant confirmation. With Chargent your recurring billing is set and forget! AppFrontier® - the makers of Chargent.
#SalesforcePayments #PaymentGateway #PaymentProcessor
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🙋 CONTACT US:
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The best video I have found on RUclips which explains a complex concept so easily. Thank you very much
Thank you very much! Happy to help!
Awesome payment 101 video, Micaiah!
Glad you liked it!!
amazing explanation. thank you!
Thank you so much😊
You're welcome 😊
Great video, thanks !!
Cool Hair Piece
Thanks for watching!
Is it imperative to use a payment gateway?
Yes. The Payment Gateway service is essentially required in order to process credit card or debit cards. There might be some technical exceptions to this. However nearly all businesses will process using a payment gateway for ecommerce or card-not-present payments.
Hello can u tell do pay u or razor pay works in spain or anyother gate way
Sorry that isn't something I know off the top of my head! Good luck in your research!
You are awesome:)
So are you! :)
where can a person {myself) view an actual day in a { Payment processors record transactions specialist}, what do they physically do all day id like to see a video
R7
❤👍
Are Payment Processors and Switch Operators the same???
Don't rightfully know! This is the first I recall hearing about Switch Operators in the payment context. Can you provide any links to where you found this term used?
STRIPE IS TERRIBLE