Payments can be made to the Wirecard Payment Gateway by a variety of methods for merchants. Payment is generated for a particular payment method if the merchant has a valid subscription and has mentioned it correctly in the payment request. 

The next pages will explain every payment method that you can choose from, their characteristics and transaction parameters. 

Credit card  

Wirecard Payment Service Provider and Bank: Wirecard is a one-stop shop for payment processing and card acceptance. The specialized end-to-end solutions are industry standard and can be easily embedded in any card issuer with any major credit/debit cards as well as all of the common payout and transaction currencies. Wirecard Payment Gateway is secure with the highest level of encryption. It delivers everything you want in a card organization such as PCI DSS support. It can be used to process industry-based additional data, such as hotel, airline, car hire etc. 

Credit card and Debit card  

In this section, we’ll explain about Credit Card and Debit Card payments & advantages. 

Debit Card  

A debit card (bank card or check card) is a payment card that is substituted for cash when you make a purchase. It is like a credit card, except instead of a credit card, it comes directly from the user’s bank account when you do a transaction. 

Some cards carry an in-store value that’s used to pay, but most just send a signal to the cardholder’s bank to debit money from a payer’s bank account. Sometimes the main account number is only used online and there is no paper card. 

Across the world, debit cards are now so common that their number has completely replaced cheques. Sometimes even cash, and sometimes even the cheque itself. In contrast to credit cards and charge cards, debit cards were often designed in national settings which meant that there were many worldwide systems which did not generally go together. Several programs have since the mid-2000s made it legal to accept debit cards issued in one country in other countries, as well as to use them for online and phone transactions. 

Advantages  

A debit card makes the payment right out of the cardholder’s bank account. Credit cards let you cash out on the spot. In some cases, sellers can also give customers cashback facilities through which a customer can withdraw cash along with the transaction. A debit card that you pay the balance off every month. Debit cards hold the payment for later on the cardholder. 

Credit Card  

A credit card is a credit card which is given to a consumer to be able to charge a merchant for the purchases of goods and services. Based on the consumer’s promise to pay the issuer for such paid items plus other specified fees. The issuer of the card (usually the bank) opens a revolving account and a line of credit for the cardholder, using which the cardholder can draw funds for payment to a merchant or cash advance. 

Prepaid Credit Card  

Prepaid credit cards can be employed here too. A prepaid credit card in place of a regular credit card can’t be used if it doesn’t have enough funds in it (the referring account). The payments can be made only when there is enough money on the card for the cardholder. In this situation, the cardholder can do everything like using a standard credit card up to the card’s credit limit until there is no more money. 

Advantages  

Credit Card: A credit card is a way to maintain the debt at present, paying interest. 

The third party that is charged to the seller (by a credit card) is normally the third party that gets charged back to the user. 

Alternative payment methods (APM)  

Besides Credit Card Payments, payments can also be taken from merchants through Alternative Payment Methods (APM) inside the Wirecard Payment Gateway. APMs are the payment gateways Bank Transfer (online and offline), Prepaid, Voucher and Wallet. 

Wirecard Payment Gateway has multiple Online Bank Transfer and Offline Bank Transfer APMs. It can be done using any payment option according to the region and country’s laws and regulations. Other payment methods offered by Wirecard Payment Gateway include Prepaid, Voucher or Wallet. 

Also, some Mobile Payment Methods, which are only some of the mentioned Payment Methods also part of that game.

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