Online shopping has become a strong trend in the global market.
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On this point, it is worth mentioning that payment gateways and online merchants are not allowed to store card information as it is strictly against the rules of the card schemes Visa and Mastercard. Usually, if the merchant is not the provider of the payment gateway, upon payment, the consumer is redirected to a separate page on which he shares his credit card information, which prevents the merchant from accessing the card information and let alone storing it. Perhaps a better understanding of how payment gateways function in Lebanon can make online shoppers a little more at ease with their online experience.This shows that online merchants in Lebanon can benefit from the same payment solutions accessible to international giants. Cybersource, exclusively provided by BLOM Bank, is a leading payment gateway owned by VISA and it is the same payment gateway used by international merchants such Amazon, E-bay, Facebook and Air France. Payment gateways have designed solutions for one-off payments but also for recurrent payments. Recurrent payments such as subscriptions and bill payments are secured through Tokenization.
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