Payment Gateway Australia

Payment Gateway Australia to Ensure Safe and Secure Payment Transactions

Online business is a significant part of the business world today, offering a convenient way to buy and sell goods and services. An online payment transaction typically involves five parties: the client, the merchant, the client’s financial institution, the merchant’s financial institution, and the payment gateway.

A payment gateway’s ability to securely transfer payments is a critical component. Payment gateways should ensure that merchants are getting money when a purchase happens, removing the need for them to worry about fraud or credit risk. They must take all the necessary precautions to ensure safe and secure transactions.

Reliable and Secure Payments are Paramount

Fraudsters are on the lookout for flaws that they can exploit to gain access to systems and steal data. However, shoppers must be able to complete transactions using their preferred payment method while also having an efficient and frictionless payment experience.

Merchants must understand the best security practices online when accepting credit card payments and alternative payment methods to protect their customers and businesses while still providing a great checkout experience.

Customers require security when using your service, and for large businesses, PCI security is a critical feature that should be utilized to improve reliability. So, if you want the best security for your website’s transactions you need the best security standards.

The PCI Security Standards Council is a worldwide organization. It upholds, evolves, and promotes Payment Card Industry standards for the global security of cardholder data. These security standards will help you stabilize your products and services. At the same time, it can help build trust among your customers. Being in the payment industry without any security protocols in place is like throwing yourself into a pool of water without knowing the depth and criticality of it.

If you still have not set up an account with one of the providers, you need to look for the one that suits your business best.

EskayPay has become one of the fastest-growing online payment service providers. The company provides a single API for simple integration with all popular platforms. We can process all major currencies that merchants require by partnering with over 100 international payment partners. Our Online Payment Gateway Australia will help you establish an easy and convenient payment transaction for your business.

When Looking For a Payment Gateway, There Are Three Major Pillars that You Need to Watch Out For:

Encryption of Data

Payment gateways primarily use data encryption to protect payments. Customers’ card information is encrypted using a public key and can only be decrypted using the payment gateway’s private key. This reduces the possibility of unauthorized parties gaining access to customer data during transmission from the gateway to the acquiring bank.

Chargebacks are an unavoidable factor in merchant-buyer relationships, whether they like it or not. Accertify, a leading online gateway provider, offers chargeback management software that reduces the resources required to manage and respond to chargebacks by up to 50% and helps improve win rates.

SSL (Secure Socket Layer) (SSL)

SSL is used by payment gateways to protect sensitive customer information. This standard security protocol creates an encrypted channel to allow the safe transfer of private data over public networks, such as between a web server and a browser. Most payment gateways use this protocol to increase the security of data transfers between parties.

Compliance with the PCI DSS

Compliance with the Payment Card Industry Data Security Standard (PCI DSS) enables merchants and financial institutions to provide secure payment solutions. This standard includes the following requirements:

• Payment software needs to be there at the point of sale or in the website shopping cart.
• Computers should not be there to store sensitive customer data.
• Encrypt customer data transmission over any open public network.
• On networks and PCs, use a firewall.
• Merchants who use a payment gateway do not need to be concerned about PCI compliance because a secure payment gateway will provide PCI level 1 security.

The payment gateway’s compliance with these security standards can be relied on by the merchant. Payment Gateways, as a result, serve as third-party solutions that provide merchants with the most recent and up-to-date information.

EskayPay is the country’s leading payment service provider, handling approximately 42 percent of all transactions. Our customer base consists of approximately high-risk merchants, merchants with bad credit, and affluent merchants who are using our services worldwide. We provide Payment Gateway in Australia to industries such as digital content, online gaming, retail, and travel for small-to-medium-sized businesses as well as larger corporations.

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