Payment Getway Integration

payment-gateway

Basically, it’s a software application connecting a website with the bank, so that the customers can pay you right there on the spot without leaving their apartment.This type of service can be used by anybody, including eCommerce websites, other service providers that want their users to pay online, and even non-profit organizations that collect donations online.There are many different payment gateways, including Stripe, PayPal, Authorize.net, Google Checkout and direct MasterCard/Visa payments.

We develop a custom payment gateway solution utilizing the same SDK as the world’s leading brands to accept online payments from anywhere in the world. We’ll incorporate the right third-party payment gateway API that best suits your web application, mobile application, or website.

Payment gateway is a service provider that provides payment authorization. Basically, it’s a software application connecting a website with the bank, so that the customers can pay you right there on the spot without leaving their apartment.This type of service can be used by anybody, including eCommerce websites, other service providers that want their users to pay online, and even non-profit organizations that collect donations online.There are many different payment gateways, including Stripe, PayPal, Authorize.net, Google Checkout and direct MasterCard/Visa payments.

If you have an e-commerce store or service website, you need to provide an option to your consumers to make payments directly to your bank account. For an online business to be successful, it needs to have various payment options, ranging from bank transfer to cards and wallets. A payment gateway is a tool that facilitates these functions.

Payment Gateway Benefits

Here are some of the critical benefits of payment gateway software.

  • Secure transactions : Payment gateways use high standards of encryption to protect sensitive data, these securing both buyers and merchants.
  • Broader customer base : Since gateways enable transactions from various payments methods, currencies, and countries, it helps you expand your customer base,
  • Integration with shopping cart : Payment gateways bundle with shopping carts, so when customers add products to cart, they get a clear, one-click call to action to complete the purchase.
  • Faster transactions : Payment gateways are faster than manual processing, which allows customers to make a purchase without waiting for too long.
  • Enhanced convenience : Payment gateways are open 24/7; thus, your customers can shop from any at any point in time.

How Payment Gateway Works?

  • Buyer fills out transaction details such as name, address, credit card or debit card information
  • The website encrypts this data and transfers it securely to the Payment Gateway Server
  • The Payment gateway then contacts the buyer’s bank online and validates payment information while also ensuring that the buyer has sufficient balance
  • If the user is authenticated and if he has necessary balance in his account, the payment gateway draws the money from the buyer’s bank account and transfers it to the seller’s bank account
  • The payment gateway then sends a confirmation to the buyer (from who the transaction originated) that the transaction was successful