Authorize.net was started in 1996. It was one of the early E-commerce payment gateways services associated with online business. The company gained a reputation as a leader in Internet payment services. In 2006, though, Authorize.net was acquired by Cyber Source Corporation.

Authorize.Net:

Authorize.Net is unquestionably the most popular payment gateway in use today. In fact, it is synonymous with ecommerce and is often confused as a payment processor. Its vast popularity with shopping carts, it is integrated with every major and minor shopping cart available, make it a natural choice for merchants wishing to begin processing sales online. But what if you are implementing a custom shopping cart solution? You will need to integrate Authorize. Net’s payment gateway into your application yourself. Fortunately this task is less daunting then it sounds. Authorize.Net is a payment gateway service provider allowing merchants to accept credit card and electronic checks payments through their Web site and over an IP (Internet Protocol) connection.

What is Authorize.Net?

Authorize.Net is a payment gateway service provider allowing merchants to accept credit card and electronic checks payments through their Web site and over an IP (Internet Protocol) connection. 

Getting a Authorize.Net account:

Authorize.Net manages the submission of payment transactions to the processing networks on behalf of its 238,000 merchant customers. Since 1996, Authorize.Net has been a leading provider of Internet Protocol (IP) based payment gateway services, enabling merchants to accept credit card and electronic check payments from Web sites, retail stores, mail order/telephone order (MOTO) centers or mobile devices.

How to use Authorize.Net for Payment?

Authorize.Net Service facilitates the processing of Payment Transactions to complete a payment for a purchase between a Buyer and a Seller. The Service will store information from Buyers, such as their Payment Instruments and shipping information, and will process Payment Transactions on behalf of Sellers through the appropriate credit card or debit card network. Authorize.Net can accept many credit cards.

What does it do? 

The Authorize.Net payment service provides an interface between the shopping basket of the merchant and the international financial institutions to enable consumers to pay using a payment method and currency of their choice thus providing the optimal shopping experience for the consumer.

Conclusion:

Authorize.Net’s online payment system is regarded as one of the best online payment systems where security is concerned. Even though they can freeze your account, it is still regarded as one of the safest ways of transferring money on the Internet.