Payment Gateway and Merchant Accounts: Everything You Need To Know.
Payments - 19 Mar 2025
When you’re launching or growing an online business, choosing the right payment solution is key. It’s not just about collecting money — it’s about creating a smooth, secure experience for your customers while keeping things simple for your team.
So, the big question: should you choose a payment gateway or an all-in-one solution? Let’s break it down!
The basics of online payments:
Here’s what happens behind the scenes of an online payment:
- Customer checkout: The customer selects products and enters payment details.
- Payment gateway: Securely encrypts and transmits payment info to the bank.
- Authorisation: The bank approves or denies the payment.
- Funds transfer: Approved funds land in your merchant account.
Knowing this process helps clarify whether you need a standalone gateway or an all-in-one service.
What is a payment gateway?
A payment gateway connects your website or CRM to financial networks. It encrypts data, verifies transactions, and moves funds to your merchant account.
When is a payment gateway ideal?
- Flexibility: Choose your merchant account and switch providers as you grow.
- Customisation: Perfect for businesses needing custom integrations or fee negotiations.
If control and customisation are your priorities, a standalone gateway makes sense.
The all-in-one solution: simplicity at its best
An all-in-one solution combines the payment gateway and merchant account into a single package — Eway offers this option for businesses that want a streamlined approach.
Why choose all-in-one?
- Seamless processing: One provider handles everything from authorisation to settlement.
- Simple setup: No need to coordinate between multiple vendors.
- Predictable pricing: Transparent, bundled fees with no surprises.
If you value convenience and want to focus on growth instead of admin work, the all-in-one solution is a winner.
Quick comparison: gateway vs. all-in-one
| Feature | Payment Gateway | All-in-One Solution |
| Flexibility | High — choose and switch providers freely. | Lower — but offers a fully integrated flow. |
| Setup Complexity | More complex — handle multiple accounts. | Simple — one provider for everything. |
| Cost Structure | Separate fees for gateway and merchant account. | Bundled pricing, easier to manage. |
| Support | Might juggle multiple support teams. | Single point of contact, less hassle. |
Why Eway?
Whether you opt for a flexible gateway or an all-in-one solution, Eway makes payment management effortless:
- Fast settlements: Get funds within 1-3 business days.
- Multiple payment options: Accept cards, digital wallets, and more.
- 24/7 Australian local support: Real people, real help, anytime.
- Easy integration: Connect with 250+ platforms.
- Top-notch security: PCI DSS Level 1 compliance and fraud protection.
Managing payments doesn’t have to be complicated. Whether you want customisation or simplicity, Eway has your back.
Need help deciding? Contact Eway for personalised advice on the best payment solution for your business.
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