A payment gateway is a popular element of the ecommerce application that is relevant to hundreds and thousands individuals across the entire planet, these days. This entity – as such – facilitates payments through credit cards for a number of online corporate entities, including

  • E-businesses
  • Online retailers
  • Traditional brick and mortar and
  • Bricks and clicks, etc.

Interestingly, an electronic payment gateway – being a virtual entity – acts like a physical point of sale terminal that are seen in various retail outlets. The gateways encrypt crucial information like Credit Card number to ensure blanket security to the transaction system. As such, these electronic getaways facilitate transfer of necessary information between a front-end processor and a payment portal, like a mobile, web portal or even an interactive voice response service.

Various online gateways

There are several payment gateways that facilitate life for zillions of individuals across the planet. However, some of the more prominent entities in this category include

  • PayPal
  • Bitcoin and
  • Google Wallet

Here is a brief account


PayPal makes life simplified for innumerable individuals across the world. In fact, with just one PayPal account corporate entities can accept all types of payments, irrespective of geographical location. Various services that it provides include

  • Web payments
  • Mobile payments
  • In-store payments and
  • Online invoicing

Some of the significant features of this particular online platform include

  • Comprehensive PayPal data security and fraud protection
  • Accept payments in 24 currencies from 190 countries
  • Simplified PCI compliance that helps protecting buyers’ sensitive card information
  • Toll-free phone support and
  • Accepting credit cards via phone, fax, and mail, etc.


Bitcoin is another popular electronic payment gateway that is safe, secure and dependable. As a user, one does not require to master the technical aspect of its transaction process, in order to avail its service. The steps in this context are pretty simple.

  • One requires installing a Bitcoin wallet on one’s computer or mobile device
  • It generates a Bitcoin address
  • Now, the user can share this address with friends, family and acquaintances so that actual transaction can be facilitated between the two entities

Interestingly, Bitcoin transaction process functions similar to like that of email service providing systems. However, in a striking difference, a Bitcoin address can be used only once. Although, one can generate more such addresses as and when the necessity knocks.


Various features incorporated in this electronic transaction system include

  • Client Side Encryption – All wallets are client-side encrypted using JavaScript providing protection from server side hacking.
  • Open Source – All code related to the wallet service is open source.
  • Currency Conversion – Live Market Prices in 22 currencies.

Moreover, there is no additional fee that this service provider charges. However, a Bitcoin network fee might be applicable in certain cases, but that is optional. Additionally, with application of HTML5 web development tool, Bitcoin allows users to store and view wallets offline.

In addition to these, Bitcoin facilitates notification of payments through

  • Email
  • SMS texting
  • Google Talk and
  • Skype, etc.

Google Checkout

It is a robust electronic mobile payment system – as the name suggests – developed by Google. This entity allows users to store

  • Credit cards
  • Debit cards
  • Loyalty cards and
  • Gift cards

It is a real world entity, in fact, a prepaid debit card that allows a user to access her/his Wallet Balance across ATM counters and banks, etc. The way it works is pretty simple. Suppose, someone who is in the US and has already verified his/her identity, can request for a Wallet Card by accessing the URL: wallet.google.com. Once that is received and activated, the user can pay using it across both virtual and physical stores that accept MasterCard Debit. Moreover, the user can also withdraw cash from banks and ATMs, using the facility.

All the more, this service efficiently uses Near Field Communication (NFC) to make payments secured, fast and convenient by just tapping the phone on any PayPass-enabled terminal at checkout. Previously this service was known as Google Checkout. From November 2013, the service came to be known as Google Wallet.

These electronic services have made life undoubtedly convenient in the recent times. In fact, these gateways, along with their invincible security systems, have facilitated conducting businesses beyond all imaginations.