What is the free payment gateway?

20 Jun 2022 By PAYCEC

A payment gateway is a piece of software that allows businesses to receive debit or credit card payments from clients.

The word refers to both physical card-reading machines seen in physical retail outlets and payment processing portals found in internet retailers.

However, in recent years, brick-and-mortar payment gateways have begun to accept phone-based purchases via QR codes or Near Field Communication (NFC) technologies.

Key Takeaways of the Payment Gateway:

  • Payment gateways are consumer-facing interfaces for collecting payment data.
  • Payment gateways are point of sale (POS) terminals that receive credit card information through card or smartphone in physical stores.
  • Payment gateways are the "checkout" portals that online stores utilize to submit credit card information or credentials for services like PayPal.
  • Payment gateways are separate from payment processors, which collect payments on behalf of the merchant using client information.
  • There are additional payment gateways that allow you to pay with cryptocurrencies like Bitcoin.

Are there any free payment gateways?

There is no such thing as a free payment gateway but affordable costs.

All card transactions have a fee, and any company claiming to offer you 100% free online payment processing should be avoided at all costs.

Although a few providers provide free payment gateway signup or no monthly service fee, the hefty transaction fees associated with these accounts usually outweigh any savings.

At PayCEC, we support with no costs at all and there is no a hidden fee.

Have other questions?

If you need further assistance or answer, please don't hesitate to contact us.

Have other questions?

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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