Payment Operations

In the coming years, there could be more competition from additional payment methods as the impact of the revised European Payment Services Directive regulation makes itself known.

In the UK, the Open Banking initiative — a UK-only extension of the EU rules — will require major banks to share their current account data in a standardized, secure format with other authorized online organizations.33

Online companies and start-ups will also be able to access the spending data and habits revealed by this initiative, allowing them to create innovative and tailored banking services. As part of the directive, third-party companies will also be able to initiate payments on behalf of customers. By creating a new way for consumers to pay for products, the revised Payment Services Directive will generate a new payments landscape.

This is an exciting development but will take a number of years to come about, due to the very different banking players and processes in each country. An EU-wide payment system is therefore unlikely in the short-term, although there could be some localized or regional schemes.

The introduction of Strong Customer Authentication is also required under the EU directive, making two-factor authentication obligatory for electronic payments. As biometric security options increase on smartphones, mobile commerce could benefit by offering faster and simpler Strong Customer Authentication methods than desktop-based transactions.34

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

Another key e-commerce trend that must be considered is the prevalence of price discounting. As online shopping becomes a part of everyday life, consumers have become savvier; high use of consumer price-comparison sites before choosing which site to shop with is a feature of many of the countries we have analyzed.

Shoppers are also fully embracing one-off discount events. A growing public familiarity with sales events such as Black Friday and Cyber Monday is translating into one-day and seasonal spikes in spending.

To keep pace, the payments industry must be aware of, and able to cater to, specific country-by-country cultural differences and discounting events. As an example, France stands out as a nation of discerning spenders: 80 percent of shoppers compare prices before buying non-grocery items.35French e-commerce merchants introduced a discounting event called ‘French Days’ in 2018, a version of Black Friday, adding to an occasion and promotions-led online shopping culture there.36

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

BridgerPay

BridgerPay is the world’s first Payment Operations Platform, built to automate the payment flows of your business with a Lego-like interface, so you can connect any payment method or tool, boost revenue, and optimize your payment experience.

Learn More about BridgerPay

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

If you give consumers as many payment options as you can, you open up more opportunities for customers to pay in the manner that they are comfortable with — giving them more incentive to become (or continue as) part of your loyal customer base.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

There are many methods of online payment. The most popular methods you should consider accepting are Apple pay, Google pay, Paypal, and Amazon Payment.

While popular methods are good, many others use the same technology, making them worth investigating as well. However, it is important to first understand some terms, and understand how these payment methods are provided, processed, and accessed when you are deciding on which options to provide — so that you can make more informed decisions.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

There are many methods of online payment. The most popular methods you should consider accepting are Apple pay, Google pay, Paypal, and Amazon Payment.

While popular methods are good, many others use the same technology, making them worth investigating as well. However, it is important to first understand some terms, and understand how these payment methods are provided, processed, and accessed when you are deciding on which options to provide — so that you can make more informed decisions.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

Virtualization (the movement of physical devices onto cloud-based platforms), has led to an even greater number of online payment options. Virtual terminals and payment gateways are newer technologies in the payment process, allowing for multiple methods and devices to be used for purchasing.

Most card processing providers have implemented virtual terminal technology into their service offerings. A virtual terminal is a method of accepting payment from credit and debit cards without the card being present.

Virtual terminals are usually a web-based software program linked to your accounts, that allow transactions between you and your customers. You enter your customer’s billing information, card number, expiration date and security code, and the transaction should securely take place.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

A payment gateway is generally linked to customer-facing transactions, through a web-based shopping cart on your website. When a customer finalizes a transaction, the information is encrypted and sent to the gateway, which forwards it to your card processor, which then sends it to the customer’s card provider to credit or debit their account.

Credit Card Processing

Credit cards are still the most popular way to pay for goods and services online.

To set up credit card processing on your website, (MasterCard, Visa, American Express, Discover), you need to have an internet merchant account (an exception to this is Paypal, which offers payment solutions which do not require a merchant account).

You can usually get an internet merchant account through the bank your credit cards are through. For credit card processing of all the major credit cards on your website, you may need to get internet merchant accounts with separate banks as many banks only deal with some of the credit cards involved.

You can also get an internet merchant account through a third-party merchant account provider, such as Merchant Accounts, Beanstream, Moneris, PSiGate or InternetSecure.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

The advantages of getting an internet merchant account through a third-party merchant account provider are that most don’t require any security deposits, are quickly set up, and often can be bundled with e-commerce service packages that include the internet gateway you need for online credit card processing (web point-of-sale) and a shopping cart.

Third-party merchant accounts may have higher fees. Discount fees, in particular, tend to be higher than if you had set up your internet merchant accounts through the banks.

Some of the fees you may encounter are:

application fees

setup fees

monthly fees

per-transaction fees

monthly minimums

non-qualified fees

cross-border fees

gateway fees

terminal fees

chargebacks

Make sure you get a complete written listing of all fees before you sign on with a merchant account provider.

Wherever you get your internet merchant account, you will have to also purchase the internet gateway service. The gateway verifies information, transfers requests and authorizes credit cards in real-time.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

The debit card is the preferred method of payment for 33% of Canadians. There are more than 35 million debit cards in circulation in Canada, according to the Interac Association. Every year, Canadians make more than three billion Interac Direct Payment transactions worth hundreds of billions, and the number of debit card payments grows about 5% every year in Canada.

Interac Online is one option that allows your customers to pay for goods and services online directly from their bank accounts. It’s convenient and secure for customers because they don’t have to share any of their card numbers or financial details when making a purchase; payment is completed through their own financial institutions.

To start offering Interac on your website, you have to go through one of their certified acquirers or online payment service providers, such as Beanstream, Moneris, Internet Secure or PsiGate.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

Apple, Google, Samsung all offer payment options through devices that have their operating systems on them. iPhones and Android phones have the ability to link payment methods to most credit and debit card providers.

A device called a contactless payment reader readers accepts connections from your customer’s devices and initiates the transaction.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

PayPal provides an all-in-one online payment solution that does not require a merchant account. The Website Payments Standard program lets you accept Visa, MasterCard, Discover, and American Express credit card payments as well as bank transfers and offer PayPal as well — with no monthly fees, setup or cancellation fees.

Other payment providers are popping up all the time, offering services similar to PayPal. Due, Dwolla, and WePay are among the list of numerous digital transaction providers. You’ll have to keep abreast of your customer base to be sure you accept the methods they want to use.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

Some of your potential customers are people who aren’t comfortable with online options, or they are people who want to talk to a live person. If you want to fully monetize your website and make all the sales that you can, it’s important that you give these people ways to pay as well. Include a toll-free number or an order form that customers can fill out and email or send through regular mail if they prefer.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

The success of your online business depends on sales. With the possibility of one customer paying with a watch, the next with a card, and a third with a check, you should offer as many payment options as you can.

A mix of all the options available will help you keep customers on your e-commerce site, or in your store because they can pay the way they want to. If you don’t offer a service for someone to pay their way, the possibility of losing that customer is high.

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To connect more Payment Options to your store, and to Operate it with Payment Operation system start using BridgerPay!

Learn More about BridgerPay

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

A payment gateway is a technology used by merchants to accept debit or credit card purchases from customers. The term includes not only the physical card-reading devices found in brick-and-mortarretail stores but also the payment processing portals found in online stores. However, brick-and-mortar payment gateways in recent years have begun accepting phone-based payments using QR codes or Near Field Communication (NFC) technology.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

KEY TAKEAWAYS

Payment gateways are the consumer-facing interfaces used to collect payment information.

In physical stores, payment gateways consist of the point of sale (POS) terminals used to accept credit card information by card or by smartphone.

In online stores, payment gateways are the “checkout” portals used to enter credit card information or credentials for services such as PayPal.

Payment gateways are distinct from payment processors, which use customer information to collect payments on behalf of the merchant.

There are also payment gateways to facilitate payment in cryptocurrencies, such as Bitcoin.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management

The payment gateway is a key component of the electronic payment processing system, as it is the front-end technology responsible for sending customer information to the merchant acquiring bank, where the transaction is then processed.

Payment gateway technologies are always evolving to reflect new consumer tastes and technical capacities. In the past, terminals would accept credit cards using magnetic strips and required paper signatures from the customer. With the development of chip technologies, the signature phase could be removed in favor of a personal identification number (PIN) entered directly into the payment gateway hardware. Today, contactless purchases are also available, with many customers now using their phones as a payment device instead of plastic credit cards.

What Is BridgerPay — Payment Operation

Bridger Pay offers Payment operation technology for making smarter decisions in real-time. The platform consolidates all available processing data to provide you with relevant guidance to improve your revenue streams, managed via a single admin portal.

The platform cascades transaction processing across providers and countries to maximize conversions. Features a cashier and admin portal, customizable and providing full control of transaction routing. The Briger Button creates multiple revenue channels by allowing you to create a payment button and embed it in any website page.

:

· 530+ alternative payment methods

· 150+ currencies

· 200+ acquirers

· 40+ cryptocurrencies

· Global acquiring

· Acquiring flexibility

· Smart traffic management

· Advanced customization

· Global payouts

· FX solutions

· Currency and risk management