A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses and online retailers. A Payment gateway protects credit card details by encrypting sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant and also between merchant and payment processor.

In order to accept real-time payment, your Magento online store requires a payment gateway to be set-up. A Payment gateway authorizes payments for ecommerce transactions with online stores. All information sent over the payment gateways travel in SSL (Secure Socket Layer) mode through high encryption technology. This means that your customers can order from your Magento store in a highly safe and secure way.

Online store owners, now, have a reason to cheer. Thanks to Magento.Magento now supports as many as 50 payment gateways. Customers can now have a variety of payment gateways to choose from. We have described some of them briefly as under —

This payment gateway is the creation of Fontis. It provides functionality for Australian stores, including Australia Post shipping, direct deposit and BPAY payment methods and adds Australian regions and postcodes.

It is a payment gateway module for the Scandinavian payment gateway ePay. Being the leading payment system in Scandinavia, it offers payment solutions to both small and large organizations.

It enables Paymate Express payments through Magento. Customers are directed to the Paymate site to make payments. Paymate is available for Australian and New Zealand sellers.

It integrates Direct Payment Solutions’ PX Post payment gateway service. This service is available primarily for Australian and New Zealand retailers.

This payment module is developed by ClementN. This module is a CERTIFIED module by 2Checkout. It makes use of all 2Checkout features. Along with the classic feature for a payment module one can find: – INS – Instant Notification Service which notifies one’s platform (shop) about different changes occurred to a certain payment: fraud review, refund etc. These details will be passed to your Magento store which will act accordingly. This offers you a lot of customization.

It is one of the leading payment systems on the web. The extension has been developed by Phoenix Medien, Magento Enterprise partner and official integration partner for ClickandBuy. However, it module requires the PHP SOAP extension to be installed

It allows one to make online purchases in a secured manner. iDEAL is a system that links one directly to online banking application when one buys online. Using iDEAL is extremely easy as one need not register download any files or open an account. If one already has an online banking with ABN AMRO, Fortis, Postbank, Rabobank or SNS Bank, one can make payments using iDEAL right away. The transaction process is very simple.

It provides merchant accounts and e-commerce payment services for merchants in Europe.

It was developed with the aim to simplify the lives of small business owners through professional and affordable receivables tools. PaySimple is easy to setup use. It helps spend less time chasing payments and more time growing business.

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