What is Payment Gateway?

You must have heard this before you apply for an online merchant account in Malaysia.

1. You need RM25,000 fixed deposit
2. Your account must have a minimum quota of RM50,000 transactions per month

Isn't this mission impossible for small to medium size business in Malaysia? So many restrictions are imposed by the banks making e-commerce almost impossible for small business owners. If you're interested in e-commercing your website, Payment Gateway is the right solution for you.

This 128-bit SSL Payment Gateway (refer to below illustration) ensures absolute privacy for all transactions through the net. Payment Gateway accepts an incoming encrypted message from a merchant over the Internet, an intranet, or via a leased line. The incoming message is decrypted and formatted to the desired message format requested by one or more acquirers. The acquirers are responsible for processing a credit card or debit card transaction and returning approved/denied message back to the same merchant who sent the original message. At the acquirer level, Payment Gateway maintains and organizes keys used to unlock (decrypt) incoming payment instructions and sign response messages.