A payment gateway/merchant account combination is like a regular bank account – you have an account at your bank for processing transactions and the money that passes into it gets transferred directly into your business bank account. You also need a payment gateway service which can be provided by your bank or you can use a third party depending on your needs.
Bank/Financial Services provider based payment gateway services are:
- NAB Transact
- ANZ eGate
- Westpac PayWay
- Commonwealth Bank CommWeb
- Suncorp Virtual Payments
- St.George Hosted Payments
- Bendigo Bank Website Payment Gateway
These are all in one services that you only require one provider to sign up with.
Third party gateway services supported by Ozcart include:
- SecurePay
- eWAY
- Worldpay
- DPS Payment Express
- e-Path
- iPayBy
- StrataPay
- Paystation
These are third party services so you will need a merchant account at your bank as well as the above service of your choice.
The alternative to a gateway service is a third party provider like Stripe, Skrill, PayPal, or 2Checkout. Those are also integrated in Ozcart.