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Payments 101

If you are new to payments, or just want to understand what you need to process payments online, you are in the right place.

1. To accept payments, you first need a gateway.

A payment gateway is the technology layer that links your customer’s financial institution to yours when processing a payment. Every payment made goes through a gateway. Bambora’s gateway is bank agnostic allowing it to plug into virtually any acquiring banks within North America.

2. You will also need a merchant account.

I already have one

No matter which financial institution holds your account, you will be able to seamlessly connect to Bambora’s bank agnostic gateway with a gateway only account.

I need one

Bambora’s merchant accounts are transparent, with no locked contracts, flexible settlement, and simple pricing.

3. Then, you will need a way to accept payments


Are you building a custom solution? Our RESTful APIs and SDKs can power your website or software to accept payments.


Checkout is our hosted payment form. With just a few minutes and a single link, you can add Checkout to your website; no developer required.

Virtual Terminal

Created for merchants who process orders over the phone or through mail-in-orders. Bambora’s Virtual Terminal is a simple and secure online interface.

4. Pick the card types that matter to your business

5. Don’t forget about security


All companies that process, store or transmit credit card information must maintain a secure environment. This includes all merchants, vendors, or software providers who handle credit card information. Bambora is PCI Level-1 (the highest level) certified service provider. Before you start processing credit card transactions online, you will have to complete a PCI DSS self-assessment questionnaire.


With Bambora’s Tokenization, you can send any piece of sensitive information to Bambora where it is encrypted and stored on our PCI-certified servers. Bambora then returns a token back that represents the customer’s sensitive information. Simply utilize the unique token whenever your customer makes a repeat purchase.

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