During Business hours the merchant Terminal/POS machine sends payment txns to the payment gateway to determine if the card was authorized or declined for the payment amount specified. The payment gateway sends the request to card companies(VISA/AMEX/MC) for them to issue the Approve or Decline status. At the end of the day the merchant sends the list of all approved payments for that day to the payment processor for clearing(txn verification) and settlement(moving the money from the buyers card issuing bank to the merchants account).
If I am a dropshipper, I need a payment gateway to receive money from customers. This is a known thing, but when I receive money from customers, how do I disable their money to the Suppliers Does the payment gateway take care of all the details between dropshipper and suppliers Or that the dropshipper transfers the money he owes to the Suppliers using his Visa card ?????
This is very helpful for me to understand to whole thing abt payment gateway. I had a task abt this subject. i did a youtube search and your came like 4 in the list but the most recent to my liking the way the title was described. and true enough in simple words you did a good job in answering to all those questions I had in my head. Bravo!!!
Outstanding! This is a very detailed and helpful tutorial about payment gateway. It helped me a lot and cleared all the questions I had. Thank you for that!
Let's say I have an eCommerce store. I open a business bank account with Wells Fargo, which is where my payments will be deposited. Is the Wells Fargo account the Merchant Account?
No. Wells Fargo is your business bank account. i.e. your "operating account". The merchant account would be set up with a merchant account provider like CardConnect, Elavon or others. If you need help with setting up an account, you can get in touch with me here: www.bancardsales.com/call/brian
I want to work online from Pakistan of Fiverr but cannot receive payment directly, Payoneer is payment gateway, If i make mobile bank account in USA, can this amount of money transfered to Pakistan ?
hello i need some help , now i have merchant account and i have amount on it but i cant withdrawal it i want to use this amount in anything or how can i withdraw it
Hello I have a travel agency and my Stripe account is suspended. Please suggest any substitute for non US citizen where I can put the customer card manually.
Yes there is. Payment Service providers are companies like Paypal, Stripe and Paypal. Payment Gateways are companies like Authorize.net, CardPointe or NMI.com. Merchant account providers and payment service providers a.k.a. "PSP's" are different. The terminology is similar but they are different. I'm about ready to release a video the compares PSP's and Merchant accounts so stay tuned for that. Coming out soon.
I have read an article (theappsolutions.com/blog/development/ecommerce-payment-gateway-comparison/) and it says that PayPal, Stripe etc are payment gateways, not providers.
+Lungten Jamtsho >>> thank you and thanks for watching. Leave me a comment if you have any ideas or requests for other topics that you'd like to know about.
I want to open shopify store. For that i have to set up mastercard payment gateway. please give me instruction how to do tat. i am in bangladesh and my card is international debit mastercard. how can i reciwve money from shopify to my mastercard.
Thank you and thanks for watching. If you're researching payment gateways to get one set up be sure to comment back or reach out to connect with me. I can help you get set up with a good one. -Brian
Paypal bosses must go to court and jail for stealing a big number of peoples money, They haven't stolen anything from me, But I know many poor people whom their money was
During Business hours the merchant Terminal/POS machine sends payment txns to the payment gateway to determine if the card was authorized or declined for the payment amount specified. The payment gateway sends the request to card companies(VISA/AMEX/MC) for them to issue the Approve or Decline status.
At the end of the day the merchant sends the list of all approved payments for that day to the payment processor for clearing(txn verification) and settlement(moving the money from the buyers card issuing bank to the merchants account).
What software are you using and do you know which gateways it integrates with? Comment below with the software and/or gateway that you're using!!!
very nic
can i have one merchant account for differents stores?(ecommerce stores)
Great explanation. Easy to follow, easy to understand
If I am a dropshipper, I need a payment gateway to receive money from customers. This is a known thing, but when I receive money from customers, how do I disable their money to the Suppliers
Does the payment gateway take care of all the details between dropshipper and suppliers
Or that the dropshipper transfers the money he owes to the Suppliers using his Visa card
?????
This is very helpful for me to understand to whole thing abt payment gateway. I had a task abt this subject. i did a youtube search and your came like 4 in the list but the most recent to my liking the way the title was described. and true enough in simple words you did a good job in answering to all those questions I had in my head. Bravo!!!
Outstanding! This is a very detailed and helpful tutorial about payment gateway. It helped me a lot and cleared all the questions I had. Thank you for that!
Glad it helped! Thanks for watching!
How can I setup a 2d payment gateway? Please hive info.
Thank you for providing insight on payment gateway
You're welcome. Thanks for watching !
thank you for obvious explanation
Thank you for watching the obvious explanation! 👍
Your videos are awesome, You have shared a lot into brief and encapsulated fashion.
Thank you. Glad you enjoyed the video !
Hi brother i have INSTAWalletPAY Gateway account. How to use my visa Card
Thank you for getting straight to the point!
You're welcome and thanks for warching!
Very easy to understand, great presentation!
Thank you Francisco and thanks for watching!
Does the payment gateway provide the ability to see transaction history, completed processed and denied transactions?
awesome explanation as always. THanks for this.
My pleasure!
I need usa gateway Acount sir please help me and reply me am waiting.....
So helpful! Thank you so much!
Sir I need gateway Acount usa can u help me plzz
Great walkthrough!
How come payment gateways don't require a CVV number when taking a payment over the phone?
Hey Ricardo. CVV is an optional field and most payment gateways will allow you to make it a required or optional field. Thanks for watching!
Let's say I have an eCommerce store. I open a business bank account with Wells Fargo, which is where my payments will be deposited. Is the Wells Fargo account the Merchant Account?
No. Wells Fargo is your business bank account. i.e. your "operating account". The merchant account would be set up with a merchant account provider like CardConnect, Elavon or others. If you need help with setting up an account, you can get in touch with me here: www.bancardsales.com/call/brian
Thank you. This video is amazingly helpful
Glad you liked it. Thanks for watching!
Thanks Brian Manning! This is so informative!
You welcome and thanks for watching!
I want to work online from Pakistan of Fiverr but cannot receive payment directly, Payoneer is payment gateway, If i make mobile bank account in USA, can this amount of money transfered to Pakistan ?
Thanks 😊
You're welcome. Thanks for watching!
How do you start one ? like a platform like paypal ?
can i have one merchant account for differents stores?(ecommerce stores)
hello i need some help , now i have merchant account and i have amount on it but i cant withdrawal it i want to use this amount in anything or how can i withdraw it
Hello I have a travel agency and my Stripe account is suspended. Please suggest any substitute for non US citizen where I can put the customer card manually.
Thanks, nice explaination
Glad you enjoyed it. Thanks for watching.
Is there any difference between payment gateway and payment service providers
Yes there is. Payment Service providers are companies like Paypal, Stripe and Paypal. Payment Gateways are companies like Authorize.net, CardPointe or NMI.com. Merchant account providers and payment service providers a.k.a. "PSP's" are different. The terminology is similar but they are different. I'm about ready to release a video the compares PSP's and Merchant accounts so stay tuned for that. Coming out soon.
I have read an article (theappsolutions.com/blog/development/ecommerce-payment-gateway-comparison/) and it says that PayPal, Stripe etc are payment gateways, not providers.
Thanks for sharing a nice piece of info. #creditcardprocessing
+Curtis W Yokum >> glad you enjoyed it and thanks for watching
Love this
+Lungten Jamtsho >>> thank you and thanks for watching. Leave me a comment if you have any ideas or requests for other topics that you'd like to know about.
Thank you for this video . Its helpful .
Glad you liked it and thanks for watching. :)
I want to open shopify store. For that i have to set up mastercard payment gateway. please give me instruction how to do tat. i am in bangladesh and my card is international debit mastercard. how can i reciwve money from shopify to my mastercard.
The pursuit of Peace yea must have a step by step process for a mastercard gateway service
Rahmatullah Zisan Vlogs c
Vty
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Helpful vedio
Thanks for watching!
Very informative video, great job!
Thank you and thanks for watching. If you're researching payment gateways to get one set up be sure to comment back or reach out to connect with me. I can help you get set up with a good one. -Brian
Our organization SARDA Manipur is very highly interested to open a 2D & 3D account. So pliz help us to open a 2D account.
I have my own 2D gateway.
647-760-4694.
@@dhruvc1386 I Want 3D gateway
In India
Paypal bosses must go to court and jail for stealing a big number of peoples money, They haven't stolen anything from me, But I know many poor people whom their money was
Please, check your voice, it is very low!
G
Thank you for sharing this video. This is really informative. Contact us for dedicated international solutions for your business.
hey