Authorize.net is a type of payment gateway, or gateway for short. A payment gateway is the online-equivalent of a credit card terminal. The payment gateways’ job is to encrypt, and then securely authorize a credit card transaction. Payment gateways are fundamentally required when accepting a credit card transactions online, because they’re responsible for storing sensitive credit card data. Authorize.net also allows for many additional features, such as:
- Automatic Recurring Billing – you can easily charge recurring payments to a credit card automatically, at any frequency you desire.
- Customer Information Manager – store your customer’s credit card data securely, and remain PCI compliant. Store up to 10 credit cards per customer.
- Advanced Fraud Detection – protect yourself from online fraud by enabling velocity filters, minimum/maximum transaction limits, IP blocking, and more.
- Account Updater – any credit card you store in Authorize.net’s system can be automatically updated when the card expires. Very handy if you keep many cards stored on file.
Read more about Authorize.net by clicking here.