Self hosted payment gateways and API hosted payment gateways

Self-hosted Payment Gateways : 

In this type, customer’s payment details are collected on the merchant’s website. The collected data is sent to the payment gateway’s URL.

Some gateways require the payment data be provided in a specific format and some require a hash key or secret key.

Examples of these gateways include QuickBooks Commerce’s B2B Payments and Shopify Payments. Both are powered by Stripe.

Pros: The entire transaction is completed in one place and the merchant has control over the payment journey.

Cons: No technical support that you can rely on if the system fails.

API Hosted Payment Gateways :

Customer’s payments are processed using an API (Application Programming Interface) or HTTPS queries after customers enter their card details on the merchant’s checkout page.

Pros: It is customizable and offers full control over the customer experience. It can be used with mobile devices and tablets. 

Cons: Merchant is responsible for PCI DSS compliance and purchasing SSL certification.

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