Payment Gateway Providers

Essentially, Payment Gateways facilitate communication within banks. Especially for merchants offering only few payment options and prefer not to contract with payment method companies (financial institutions, banks), Aggregators can help. Aggregator Aggregating Payment Service Providers take over the technical burden for ecommerce merchants to accept payments, collect the funds for several payment methods and contract with the individual ‘payment methods’. Many Payment Providers, such as 2Checkout, enable Merchants with added options when a cardholder purchases a service or product. This set of rules and security standards is called the Payment Card Industry Data Security Standard (PCI-DSS or PCI). I’m yet to call ccAvenue guys but I’m sure they’ll offer a competitive price too.Direcpay, ICICI and HDFC have long and complicated processes and hence they are less preferred gateways. If your website doesn’t accept your customer’s preferred payment method, you will lose sales.

Just like a physical point of sales terminal at your bricks and mortar retail store, the Payment Gateway authorizes you to take card payments directly from your website. Payment gateways usually charge those who use them a per transaction fee.

You are hereHomeOnline products and services for SMEsOnline payment gateway Online payment gateway O00_Man Laptop Red Chair_HUB.jpg Our Products Pay page Integrated pay page Virtual Terminal Contact us Take card payments online Start taking payments online using Worldpay’s fast and secure online payment gateway. O0069_Instore Online Paying_01_C_796_1.jpg Integrated pay page Your customers stay on your website throughout the shopping experience, we process and authorise the payment. Choose from a simple pay page, an integrated pay page, or our virtual terminal service. O0021_Fashion Designer Phone_01_C_796.jpg Virtual Terminal Use a computer or tablet to take secure payments over the phone with our virtual terminal. The difference with Collectors is that Aggregators contract with the payment method company on behalf of multiple merchants. This set of rules and security standards is called the Payment Card Industry Data Security Standard (PCI-DSS or PCI). Most online merchant accounts come with a payment gateway included, like PayPal.

Payment Gateway Providers

Aggregating Payment Service Providers take over the technical burden for ecommerce merchants to accept payments, collect the funds for several payment methods and contract with the individual ‘payment methods’. Essentially, Payment Gateways facilitate communication within banks. Submitting an order is usually completed using HTTPS protocol, which securely communicates personal information through the parties involved in the Transaction. Security is an integral component of all payment gateways, as sensitive data such as Credit Card Numbers need to be protected from any fraudulent parties. The card associations have created a set of rules and security standards which must be followed by anyone with access to card information, including gateways. The difference with Distributors is that Aggregators also collect funds, settle the merchant’s bank account and negotiate the terms with the payment method company. See how you can add this payment method to your online shopping site. The difference with Distributors is that Aggregators also collect funds, settle the merchant’s bank account and negotiate the terms with the payment method company. Especially for merchants offering only few payment options and prefer not to contract with payment method companies (financial institutions, banks), Aggregators can help. When payment gateways go down, the whole business goes down. (I don’t know much about ABC payments)Payment gateway is the backbone of any e-commerce business. There is no need for merchants to negotiate transaction prices or contract with the financial institution that processes the payment method (the Acquirers). Sign up today. Security is an integral component of all payment gateways, as sensitive data such as Credit Card Numbers need to be protected from any fraudulent parties. Find Your Aggregator Vivek Gupta, Proud Indian/Quoran #1088419.9k ViewsBootstrapped startups are generally low on cash and they really need a good price and less setup hassles to go with a particular Payment gateway.I talked to EBS guys a couple of months back and they offered a discount on setup fee. What is a Payment Gateway? pay – ment gate – way noun Any software that facilitates the communication of Transaction information. Many Payment Providers, such as 2Checkout, enable Merchants with added options when a cardholder purchases a service or product. The payment gateway acts as a mediator between the transactions that take place on your website and the payment processor.  This is needed because it is prohibited, due to security reasons, to transmit transaction information directly from your website to a payment processor.

Payment Gateway Providers

There is a huge number of online payment methods in use around the world, from the well-known and well-established Visa and MasterCard to very niche payment methods used in just one or two countries. Each payment gateway supports some of these payment methods. Make sure you understand which payment methods people in your target market like to use and choose a payment gateway with support for those methods. If payment gateways do not deal with their scaling issues, then using multiple payment gateways on a e-commerce site will become a trend.India really needs a service like paypal which will enable individuals/small business owners to accept online payments (and I don’t think ebay will try looking into this issue in near future. There is no need for merchants to negotiate transaction prices or contract with the financial institution that processes the payment method (the Acquirers). Aside from providing the ability for real-time transactions, these providers can help to translate currencies between two parties in different countries, as well as bridge language and payment methods. Payment gateways usually charge those who use them a per transaction fee.

How Does a Payment Gateway Work? Payment Gateways are software and servers that transmit Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined). Hence, sites like flipkart use ccAvenue and EBS, both. Aside from providing the ability for real-time transactions, these providers can help to translate currencies between two parties in different countries, as well as bridge language and payment methods. Get started today Contact us More ways to sell Online merchant account The Worldpay merchant account is similar to a bank account, used exclusively for card payments. The card associations have created a set of rules and security standards which must be followed by anyone with access to card information, including gateways. The difference with Collectors is that Aggregators contract with the payment method company on behalf of multiple merchants. M0052_ Computer Ordering_01_C_796.jpg Pay page Your customers are referred to a Worldpay pay page to make the payment. Submitting an order is usually completed using HTTPS protocol, which securely communicates personal information through the parties involved in the Transaction. For more information, read “The Payments System Simplified” View White Paper How Does a Payment Gateway Work? Payment Gateways are software and servers that transmit Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined). There have been issues with uptime of payment gateways in recent past. , More online payment methods Ideal for customers with online wallets. They’ve run into troubles with paypal a couple of times and ebay.in still doesn’t support paypal).So, if you really are really serious about accepting online payments, then go for ccAvenue or EBS (or both to be on a safer side, like flipkart).