Merchant Account Glossary - G

Gateway
Also referred to as a “payment gateway” or “electronic gateway”.  A gateway is software that authorizes credit card or electronic check transactions over the internet.  Authorize.Net is considered a gateway.

Guarantor
A personal guarantor is somewhat like a co-signer. The guarantor agrees to personally guarantee any processing losses Ballistic Merchant Services incurs as a result of doing business with the merchant.  A personal credit report may be ordered for review by our underwriters.