Now receive payments online and given more options & flexibility to your customers.
If you're a business that wants to sell goods and services online, we can help accelerate your revenues by integrating software with payment gateways where you can collect payments online.
What Is a Payment Gateway?
The payment gateway is an e-commerce application that enables payments for e-businesses, online retailers, etc. It is the virtual space of a physical point of sale terminal. Payment gateways encrypt sensitive data, like credit card numbers, to ensure that information passes securely and the uninterrupted way between the customer and the merchant.
How Do Payment Gateways Work?
While an order is placed on the website by pressing the submit order, checkout cart or any equivalent button.
Merchant securely transfers order information to the payment gateway. The transaction is then routed to the issuing bank or the 3D secure page to request transaction authentication.
After the authentication process is done successfully, the transaction is then authorized or declined by the issuing bank or card.
Payment gateway accordingly sends a message to the merchant.
The bank settles the money with the payment gateway and then the payment gateways settle the money to the merchant.