Whether you want to sale your shoes-clothes online or you want to deliver pizza-burger from door to door or you want to let the parents of your school's students, pay the fees online, you just can't do it without Internet Payment Gateway. It's very important to optimize your website with a good payment gateway according to your business needs to accept payments from your consumers in a reliable and hassle free process.
Payment gateway is an Application Service Provider which is widely used by e-commerce solutions to accept payments online using buyer's Master Card, Visa Card, Credit Card, Wallets, Debit Card or Net Banking. Payment gateway is one of the most important reason for the growing online business.
Payment gateway is a service by which a customer can pay the money to any online or offline business without carrying any cash. In this process customer submit their card details and then the payment gateway passes those sensitive information's securely to the merchant and then to the bank. Then the payment gateway first gets the information from the bank whether the payment has been approved or not then it provides the info to the card holder. If the payment gets approved then the payment gateway submits that for settlement where the payment amount gets deducted from card holder's bank account.
Payment gateway and merchant account are like brothers. Means you need both of them to receive payment online. Merchant account holds the funds before deposited to the bank account and the payment gateway's job is to approve or decline the transaction.
Payment Service Provider or PSPs is a software combination of merchant account and payment gateway, by which seller can accept electronic payments by a variety of payment methods like credit card, debit card, net banking and other money transfer options. So currently all the e-commerce websites or apps uses PSPs to accept payment online.
There are a lot of different options for you to choose from when looking at a payment gateway. Some of the main options include.
Full service payment service providers are always the smart choice to get started with, as it doesn't require your own merchant account and if you do the provider will offer that too:
We believe to design and code in own effort.CCAvenue Services
Our website and software is usable in any deviceBraintree Services
We always update and apply with our project immediatelyPayU Services
We always update and apply with our project immediatelyPayPal Services
We always update and apply with our project immediatelyAdyen Services
We always update and apply with our project immediatelyAuthorize.Net
Before you can start taking payments with a payment gateway, you will need the following things first:
In India Setting up a merchant account requires a good relationship with a bank, and sometime a minimum value of transactions a month.
It is quite simple to set up with a Payment Service Provider but requirements varies provider to provider. Now days full service provider provides everything you need to receive payments online, you just need a current business bank account, an active email address, business details and office address proof.
Choosing the correct payment gateway or a full service payment provider can be very difficult. Here we have tried to clear some of your quires about payment gateway.
Request a Quote