Tuesday, 13 February 2018

Payment Gateway: An Introduction

Payment gateway is an application on an e-commerce website that allows the website to link the client payment account with the website’s account. Payment gateways allows for the credit account details to be secure instead being sent online. That notwithstanding transfer of money is far much faster and eases the hassle involved. Online shopping has become a breeze with payment gateways.
Two main categories of Payment Gateways are:

1. Hosted Payment Gateway: Hosted Payment Gateways are those that direct your user away from your eCommerce website. While making payments, the customer is redirected to the real gateway page by clicking the gateway link.


2. Shared Payment Gateway: While making the payments, a customer is directed to the payment page and not out of your website. Here, a Post form is used once one clicks on a payment link/button. The payment page is maintained securely by the payment gateway. After all details about credit card and other required fields are complete, the user fully gets back to the main website

Even though there are a number of options in terms of online payment processing gateways, one should be careful to consider some key factors. A good factor that should also be considered is the ease of use and accessibility of the payment gateway. Always make sure you do your due diligence on the gateway of interest. Always consult the expert who are responsible for world class custom payment gateway development with advanced security standards.

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