A payment gateway is a remotely hosted software application that enables merchants to accept credit card and electronic check payments directly from their website. The payment information submitted on the site is captured and is securely transmitted to an appropriate financial institution to process and deposit funds into your merchant account. The funds are then deposited into your bank account. Some payment gateways also include a virtual terminal - this allows merchants to use an optional way of receiving online payments. Using the payment gateway virtual terminal, the merchant can key in transaction data.
Using a variety of technologies, our team of professional web developers has integrated many websites with leading payment gateways. Our web developers can integrate a payment gateway of your choice to your e-commerce website.
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
Gateways provide significant benefits if you have more than a few orders per day
Credit card/Internet Banking validation done in real-time in an extremely secured setup
Helps the business go online & be available to users worldwide, 24 x 7
Money is normally deposited into your bank account automatically, in case of a refund
Reports and refunds are normally allowed via browser by the gateway company