Online Payment Gateway

Online Payment Gateway - Online Payment Gateway Integration - Online Payment Gateway Integration India

Addon Solutions web development company has been providing professional software and web development services for couple of years. Addon Solutions India provides complete, simple and secure online payment services and e-business solutions through shopping cart, with real time credit card transaction validation. This enables the websites to transact and accept payments online and in real time. Addon Solutions enables organizations to accept secure online payments with credit cards. It makes E-Commerce more convenient and offers ease and security of accepting payments on the Internet. Furthermore it provides that trust and security which your customers require.

Online Payment Gateway service is just what your web site needs to become an E-Commerce website by accepting real time payments from customers. An Online payment solution allow Merchants to accept payments from their customers on their website via Credit Cards, Debit Cards, online Internet Banking Current/Savings Accounts and various other instruments. A merchant payment gateway solution is what the market urges for. Online Payment Gateway refers to an e-commerce service that authorizes payments for e-businesses and online retailers. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant. A shopping cart is the interface between a business's Web site and its internal infrastructure. Shopping carts allow consumers to select merchandise from a Web page, review what they have selected, make changes or additions, and purchase the merchandise.

Benifits of Online Payment Gateway India

Processes in Online Payment Gateway

Visitor places the order on website and it is sent to the merchant's web server in encrypted format. This is usually done via SSL(Secure Socket Layer) encryption. The transactions details are then forwarded to the concerned Payment Gateway. The transaction information is then passed on to the merchants acquiring bank by the Payment Gateway. Merchants acquiring bank then forwards the transaction information to the issuing bank (one that issued the credit card to the customer). Then the card issuing bank sends a response back to the Payment Gateway. The response includes information that whether the payment has been approved or declined. In case of declination the reason is also send in the response. The response is then forwarded by the Payment Gateway to the merchants server. At merchants server the response is encrypted again and is relayed back to the customer. This allows the customer to know that whether the order has been placed successfully or not. The entire process typically takes less than 5 seconds. At the end of the bank day (or settlement period) the acquiring bank(or card issuing bank) deposits the total of the approved funds in to the merchants nominated account.

Globalization

Globalization of business is increasingly putting emphasis on online payments. Today, by virtue of the emergence of online payments and the benefits they serve, a customer can easily buy products from any merchant residing exactly on the other side of the world. Online payment gateways have made this possible, a reason why online payment gateways are the most preferred systems for transferring money.

Security

The main advantage that adds to the popularity of online payment gateways are that the entire procedure of transferring money is a seamless process that minimizes fraudulence. All online payment gateways do have their websites incorporates highest levels of online security measures so as to provide highest level of safety to its customers as far as online monetary transactions are concerned. For example, epay, a leading online payment gateway, necessitates having an epay account before starting transactions. Customers having epay account can make payments directly from their account to the merchants while merchants can directly retrieve it. Moreover, almost all online payment gateways are secured and offer secured(SSL) connections.

Seperate Service

Online payment gateways, typically, are separate services that act as intermediaries between merchants and various financial systems involved in the transaction. Using online payment gateway, customers can make payments for goods and services purchased at the easiest of conveniences. Some online payment gateways offer additional facilities for transferring money, sending invoices, making payments for invoices, etc online, through emails, mobile phones, etc.

Merchant Accounts

Establishing payment methods for your small business is an important step to take when creating a successful business. In a credit based society, establishing a credit card payment system is a crucial step, as it opens up the doors for consumers to patronize your business both online and offline. Merchant accounts are underwritten by Visa/MasterCard member banks or designated Independent Service Organizations (ISOs) or Merchant Service Providers(MSPs) Processing is done through one of several authorized networks such as Global Payments or Vital. These networks offer the ability for businesses to accept credit cards using credit card equipment as well as online by using a virtual terminal or payment gateway such as Authorize Net.

Others

Confused with online payment processing? Rely on the various solutions offered by a trusted merchant service provider so you can focus on the core operation of your business.

1. With the help of payment gateway, merchants can sell their goods online. Merchants don't have to set up the infrastructure for the same.

2. Payment gateway will enable the customers to purchase online; make payments online with the help of their credit cards/bank accounts.

3. You can increase your customer base by demonstrating professionalism with a professional looking online payment solution.

4. Speaking of borderless businesses, a solid merchant service will give you the ability to accept payments in multiple currencies which can extend your ability to service more customers.

5. The credit card payments are easily transferred directly into the business's primary bank account.