The payment industry within Credit Cards is moving towards what is called tokenization.
Tokenization is a secure approach to solving high PCI standards required to operate raw credit card data. Tokenization is a way to create a reference to a credit card provided by a payment gateway provider. Tokenization, when applied to data security, is the process of substituting a sensitive data element with a non-sensitive equivalent, referred to as a token, that has no extrinsic or exploitable meaning or value for the reader.
To determine which gateway is the best, please read the following section.
A refund is the ability to reverse a transaction on a tokenized card via the Upodi application and return the payment directly to the credit card. Other Payment Service Providers still offer refunds, but here it is done by logging in to the respective payment service provider and perform the refund from here.
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Updated 4 months ago