Consumer can shell out for stuff in their ecommerce shopping cart using Visa, MasterCard, Amex or other credit cards in addition to PayPal. ACME INFOSYSTEM uses a payment gateway to accept credit card payments.
A payment gateway is a remotely hosted software application that enables merchants to agree to credit card and electronic check payments directly from their website.
The payment information submitted on the site is recordeded and steadily transmits the transaction data to an appropriate financial institution to process and deposit funds into your merchant account. The funds are then deposited into your bank account.