Horseheads Historical Society
312 W Broad St, Horseheads, NY 14845, USA
We can help ensure that the history of house heads is protected.
We are a group of individuals who are trying to ensure that history remains a stone which can help people grow.
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Eugene Zimmerman Artwork
We have a very unique collection of the Eugene Zimmerman who show his contemporary art form in the museum.
If your business is trying to decide between applying to a payment gateway or a payment processor, confusion might have set in about how they’re different? Unsurprisingly, you’re not alone in this confusion either.
To help with solving the payment gateway vs processor question, this article covers some of the significant differences to be aware of.
Payment Gateways Deal with the Payment Data
A payment gateway is there to take credit or debit card information entered through a website (in this example), encrypt it, initially verify its authenticity, and then send it onto a payment processor.
The information is passed securely to the credit or debit card payment processor for actual processing. Furthermore, the information is also passed to the card network for the bank card (VISA, Discover, etc.), the issuing bank and your business bank account too.
Payment gateways do not process the transaction themselves. Instead, they act as a conduit. Compatibility and cooperation are required between a payment gateway and a payment processor, therefore, two must be chosen that can work in harmony when using both.
Payment Processors Process the Transaction
The payment processor processes financial transactions. They use the encrypted transaction information provided by the payment gateway and work to settle (complete) the transaction.
Once a transaction has been completed, the payment processor is responsible for requesting the funds from the payee and transferring the funds to the business account.
They’re the money movers.
What About Merchant Accounts?
A merchant account is usually required with your bank. It is there to provide a space for approved credit or debit card transactions to sit before they have final approval. At which point, the funds are cleared into the business account.
With most business accounts, a merchant account is required to receive credit and debit card payments from customers. However, there are some instances where one is not necessarily needed.
For instance, PayPal has its own payment gateway (Payflow) with PayPal effectively acting as a payment facilitator where you as the customer are effectively a sub-merchant. This gets around the need to have a merchant account when going through a third-party facilitator (Square, Stripe, and PayPal all qualify in this category).
Why Are Different Operators Needed to Process a Single Payment?
The system developed out of a need to separate the approval of the transaction from the processing of it (and transfer of approved funds). By having this separation, a payment gateway has its special area of focus and a payment processor does too. By not trying to cover all aspects of the transactional world, it creates greater efficiency and speed.
It depends on what you’re needing to do whether your business will require a payment gateway, a payment processor or a merchant account. Small businesses may determine that using Stripe or PayPal to facilitate online payments is sufficient. Stores using POS equipment may be able to find an all-in-one solution provider too. Others may find that Rebilly payment processor is the best option.
Nevertheless, when you want more control over your payment experience, having a merchant account, a payment gateway and a payment processor setup is optimal. There are different types and levels of fees with each – some are fixed regardless of the transaction value whereas others are a percentage – but they each provide benefits to using them. And the business is at far less risk of a company like PayPal shuttering their account suddenly ending their ability to receive credit or debit card payments too.
Horseheads has known to be a nice town in the Chenmung County, New York in the United States Of America. The population has been known to be 20,000 people living there when the census was taken in the year 2010. Now that was almost 9 years ago, and the population could indeed have increased significantly indeed. The actual name of the town actually came because of the number of bleached horse heads that were found there. It is also located north of the city of Elmira on which it actually borders. There is also a small village in there with the same name within the town. It is also a part of the Elmira Metropolitan Statistical Area.
It was founded initially in September in the year 1779. Under the orders of the forces of the General John Sullivan, burdened down with the heavy military forces and equipment, they marched north for 450 miles through a heavily wooded wilderness from Easton, Pennsylvania over to Wyoming, Pennsylvania. They also continued north through what is now known as Finger Lakes regions and then west to Geneseo. They also returned 3 weeks later after having accomplished everything that they had set out to anyway. The greater portion of the army was indeed under the immediate command of Sullivan.
The journey that they had faced has indeed made them really tired and because they said it was really severe and apparently, even their food supply was insufficient. Later, they started disposing of a large number of horses which were sick and disabled, to begin with. This number was indeed large and quite noticeable, and the natives started collecting the skulls and then arranged them in a line along the trail. From then on, the place was referred to as the “valley of horses’ heads”, and it is actually still known by the name that it was given so long ago.
Here are some additional details about Horseheads. According to the United States census bureau, the town has been known to have a total area of 35.9 square miles which would be around 93 kilometers. It also has a railway system which opened in the year 1900 and has been operating ever since.
One of the best things about small towns like these is that there are very low crime rates and also, the people known each other. Everyone would know all the people in the town. They would also get to know if a stranger is in their midst. Small town people are indeed really loyal to one another indeed. Horseheads is indeed the same, even though it has a history, the people there are indeed warm and very nice to one another all the time.
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