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Glossary - Take Payment Online

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How to take payments online

This simple guide to taking payments over the internet contains all the information you need to choose the right method of taking payments for you.

Building your online store and marketing it, while important, is only part of the story. Arguably the most important factor to consider is how you are going to receive payment from your customers once they purchase. This is often the most confusing part of setting up an online store.

In order to take payments online you will require the services of a payment gateway. A Payment Gateway is an e-commerce service that authorizes payments for online stores. It is the equivalent of a physical POS (Point-of-sale) terminal located in most retail outlets. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant.