Why do you need a Payment Gateway? What is Cardknox?

A payment gateway is a unit of software that allows businesses to accept credit and debit card payments for every kind of transaction. Payment information is securely encrypted and transferred between the website, the bank that handles the payment, and the bank that provided the card used to make the purchase through the payment gateway. It's an important part of the online transaction process because it approves transactions between merchants and customers.









Why do you need a Payment Gateway?

Any business that wants to accept online and credit card payments needs a payment gateway. The technology sends financial data to the appropriate parties in order to approve payments and transfer funds from a client to a merchant.

How do Payment Gateways work?

When a customer makes a purchase, many processes take place behind the scenes, but here's a quick rundown of how a payment gateway manages the transaction.

  • When a customer uses their credit card to make a purchase, the payment gateway encodes the transaction information and transfers it electronically to the person’s processing bank or to the billing software.
  • The customer's bank responds to the purchaser's bank through the card association.
  • The response is subsequently sent to the merchant's point-of-sale terminal or e-commerce website via the payment gateway, indicating whether the payment was approved or denied.

What is Cardknox?

Cardknox is an omnichannel payment gateway that is dynamic and highly adaptable, with features that can be linked with a wide range of payment hardware, software, and e-commerce and billing platforms. Cardknox is a dominant player in the market dedicated to providing the most cutting-edge payment processing solutions.

Here are some features of Cardknox:

Seamless Payment Management

Users may monitor sales statistics and transaction history, execute transactions, generate reports, plan regular payments, see batches, and more using a simple, user-friendly business interface.

Reasonable Pricing

You can choose between two rate types: a classic underwritten plan with the lowest available charges or a flat rate seamless onboarding approach to ensure you get the best deal for your company.

Best Customer Service

Customer service is unrivalled in the industry, as evidenced by our long list of satisfied customers. We provide excellent phone assistance in addition to email support, with 96.4 percent of calls answered within three rings.

Loyalty Programs

Gift card platform with advanced security and personalization options that supports numerous retail locations. Third-party gift cards can also be effortlessly moved, preserving existing card balances.

Automated Phone Payments

Customers are prompted to make payments employing touch-tone data entry using Cardknox's hosted interactive voice response phone system, PhonePay.

Easy Integration

Cardknox can integrate easily and rapidly, regardless of your current configuration. Cardknox.com can be added to your URL within minutes.

Security Features

Without having to rely on third-party checkout sites, the secure hosted iFields solution keeps client payment card data completely out of PCI reach.

NEON Soft integration with CardKnox

Cardknox is a new payment gateway that has recently been added to NEON which is the best telecom billing system. Cardknox is useful because it allows online merchants to take payments from both local and international clients, both onsite and offsite. Customers of NEON can now simply make payments with Cardknox. This is why it has been integrated into NEON's system.

Conclusion

Payment gateways today offer a plethora of options to help you manage your business, cut the rates, increase your reporting capabilities, automate billing, and much more. The correct payment gateway can help you with a variety of aspects of your business. Therefore, NEON Soft has integrated with CardKnox to make the telecom billing experience smooth and reliable.

 

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