Stack Payment Article For Free

A payment stack covers everything a merchant needs to take and process card payments, whether this is face to face (in-store), online, over the phone or using new systems such as order and pay at table apps.

Stripe is a payment processing platform that serves as both a payment processor and an acquirer. When a business signs up with Stripe, it does not need to have a separate acquirer or establish a separate merchant account.

Once the customer submits their payment information, Stripe encrypts these sensitive details and securely sends them to the bank that will process the transaction (i.e. the acquiring bank). Stripe uses several different acquiring banks, such as Wells Fargo.

The payment gateway ? the technology used by merchants to authenticate and securely transfer payment data between the various parties involved in the transaction process. Once the payment is approved or declined by the parties involved, the payment gateway sends back the relevant message to the merchant.

Stripe's payments platform lets you accept credit cards, debit cards, and popular payment methods around the world?all with a single integration. Get access to advanced payments features like 3D Secure 2 authentication, card updates, automated retries, and more.

How to create a payment gateway Create your payment gateway infrastructure. You'll need a server to host your gateway, whether it's your own or via a third party. ... Choose a payment processor. ... Create a customer relationship management (CRM) system. ... Implement security features. ... Obtain required certifications.

The acquirer, also known as the acquiring or merchant bank, is the financial institution that maintains a merchant's account in order to accept credit cards. The acquirer settles card transactions for a merchant into their account. Sometimes the payment processor and the acquirer are one and the same.