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Finding the best Payment Gateway Services for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.
We are in the midst of a huge e-commerce boom and technology has disrupted the way we sell things today! The internet has revolutionized our conventional marketplace with the rapid growth of numerous online stores. Selling online poses a unique set of challenges and one of the biggest roadblocks to a seller is bridging the distance between your website and a customer’s wallet. A great solution here would be to set up a user-friendly and flexible payment gateway service! It’s important to know that to accept payments online, a gateway is mandatory. So what exactly is a payment gateway and why is it the best option for your web-based business?
A payment gateway is a service provided by various e-commerce application service providers that allows a store to securely request and handle payment transactions with customers. They facilitate ease of payments so that the organization can focus on more crucial aspects of operation. Payment gateway service is an essential merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar.
It is sometimes a daunting task for a business of payment gateway integration in its operations! There are so many questions about its functioning that may seem complicated. A payment gateway works in a simple way to ensure that when a customer clicks on “order and pay”, the entire payment process happens in a seamless and orderly fashion. A payment gateway service exchanges informations between website and acquiring bank. Let’s understand how payment gateway works.
It all begins when the customer places the order. The 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 successful, the transaction is then authorized or declined (depending on funds available in the customer’s account) by the issuing bank or card (VISA, MASTER, MAESTRO, American Express etc.). The payment gateway then accordingly sends a message to the merchant. The bank settles the money with the payment gateway serviec, and the money is then transferred to the merchant. So, a payment gateway works in a smooth manner to make your payment procedures simple and effective!
Businesses require an agile, scalable, and reliable billing solution to process their payments – new and recurring. Choosing to integrate a payment gateway may seem to be a complicated task, but it’s easy once you asses your business requirements. They come with varying fee structures and features which are suitable for different industries and company sizes. It costs an initial lump sum of money and may seem to be a sizeable investment, however picking the right gateway helps your business save money in the long run and keeps it running smoothly.
Creating a great payment experience for your customers is essential for business success and longevity. It should be seamlessly integrated to the online store’s shopping cart software to provide a hassle-free payment option for customers. These nine steps will help your business integrate a payment gateway system for your business -
Understand the Function of a Payment Gateway – It’s important to know the various functions of payment gateways and how it will help your business grow in a profitable manner. It will help you make an informed choice and choose the best gateway for your requirements.
Check with Your Web Host- Browse through your website's control panel or your online shop's admin page and check if there are payment gateway options. This will help in the quick implementation of payment gateway services to the business suite.
Browse Through Various Options - There are a host of popular payment gateway service which are widely supportive and compatible with most online business models. List of payment gateways:
- Perfect Money
Understand the Fees/ Terms & Conditions – Payment gateways come in a variety of flexible payment options. User-friendly fee structures which can include monthly fixed fees, fixed fee amount per transaction, variable fees based on the transaction amount. Compare rates to find the service that meets business needs in the most economical manner.
Pick Between an External or a Direct Gateway - External gateways redirect your customers to another website to process the payment. Direct gateways complete the entire processing within your store, keeping the customer on your site. Choose the kind of gateway you wish to implement in your business model.
Sign up for a Merchant Account – The next step is to sign up for a merchant account, which can then be linked to the payment gateway solution. This will facilitate the online shop to receive payments from the customer. Merchant accounts will typically charge per transaction that is carried out.
Sign up for Your Chosen Payment Gateway System – Once the merchant account is set up; you need to sign up with your chosen payment gateway service provider. A suitable Login ID, password and authorization can be setup to ensure data security.
Add payment methods - This procedure may vary from service to service, but generally you will need to enter your payment gateway information for each method of payment you intend to accept. This is in the initial setup stage.
Test the Gateway – Payment Gateway providers give test accounts which allow the user to check the smooth functioning of services. These allow you to perform fake transactions to ensure that the payment process is working correctly. It is important to test before making your online store live, so as not to have unexpected roadblocks.
These simple steps will help any kind of business integrate a payment gateway in a seamless manner!
There are payment processing solutions for every industry and there is advanced expertise to meet the unique needs of all types of businesses. Innovative technology, affordable rates, multiple payment options, easy-to-use tools, and exceptional service make payment gateways a must-have for your business. So, it’s time to invest in a payment gateway and create an exceptionally delightful payment experience for your customers.
Services by SecurionPay
SecurionPay is an online payment platform which utilizes the best technologies. Allows hassle-free payments through the web and mobile devices. It's secure, integrates easily and is cost-effective.
Services by E Billing Solutions
EBS is the most advanced and analytic solution for the offline and online payment gateway. can be customized the payment pages and accept the foreign cards, NEFT/RTGs and multi currency and languages. Also, preventional from the fraud and boost the payments success rate.
Online Payment Gateway Solution For eCommerce Companies
PayU Biz is a enterprise payment gateway product for ecommerce companies from PayU. PayU provides state-of-the-art payment gateway solutions to online businesses through its cutting-edge and award winning technology.
Services by Forte Payment Systems
Forte Payment System are electronic funds transfer processing, credit card, and debit card transaction processing services in the US country. It is the fastest as well as the secure solution for money transaction. It hides the sensitive payment data, cardholder data and reduces the risk, so you can securely check out.
Easy Payment Gateway Integration
FSS Payment Gateway Service is easily provide integrated to merchant's website transmit transaction data like as credit card, debit card, net banking, cash card, etc. for a purchaser for authorization. It has fastest check out and extensive transaction dashboard.
Services by 2Checkout.com, Inc
2Checkout is the standard solution for the payment gateway. It is quite simple and attractive appears. Supports multi language and multi currency. Preventing from fraud. The process is safe, reliable and secure. Also, support mobile applications.
Integrated Online Payment Gateway Solution
DirecPay's integrated suite of multiple payment options gives merchants in India. An easy & convenient option to grow your online business. DirecPay has become a huge market for retailers wanting to sell online.
Services by Dotcom Services (India) Pvt. Ltd
WorldIndia is the India's most reliable web-based payment gateway solution provider company. It trusted by the reputed companies like Reliance, Godrej, Aditya Birla Pfizer. Provide the services at the best TDR rates. It process of verifying and accept or decline at every transaction for security purpose.
Services by Vantiv
Vantiv is the smart payment gateway solution. Specially design for small sectors to manage their transaction, diminish the risk and stress less grow revenue. Vantiv is the innovative and secure solution.
Services by Cayan, LLC
Cayan is the award-winning solution more over an intelligent platform for the payment Gateway. It is having lead U.S. processors for enhancing the reporting and secure from the prevention. It is also having the genius customer engagement.
Payment Gateway Powering 6M Businesses in India
Instamojo is a multi-channel payment gateway for India collect payments via SMS, email, Whatsapp, facebook, website and more. Accept Credit/Debit cards, wallets, net banking, UPI, NEFT, and EMI options.
Services by Naspers Group
PayUmoney is a free online payment gateway service provider by the PayU. It provides state of the art payment gateway solutions to online businesses through its cutting-edge and award winning technology.
Easebuzz is an online payment solution catering to small and medium sector enterprises. With over 10,000 merchants onboard, they are helping individual merchants now to collect online payments for their business via Debit, Credit and Netbanking options.
A payments toolkit for all your business needs
Cashfree Payment Gateway provides the fastest settlement cycle and instant refunds. Businesses can receive money via 100+ payment modes like UPI, Paytm, EMI etc. Seamless checkout, recurring payments, product hosting, pre-authorization are some added features available.
Get a Mini App - Readymade Business App in 5 mins
Get a Mini App in 5 minutes using the Goodbox Mini App builder. Mini Apps are Readymade Apps that are less than 1% the Cost of an App. 20,000+ Businesses have got their own. Mini Apps have features similar to that of large online apps. No need to make your own app now!
ePaisa - #OmniPayment Point of Sale (POS)
OmniChannel Point of Sale ecosystem with OmniPayment acceptance for businesses of all sizes. ePaisa offers tools like Inventory, VAS, Loyalty, Marketing, Analytics and more.
Services by One Mobikwik Systems Pvt Ltd
MobiKwik is online mobile recharge Network, with fast and safe payment. These are Android, Windows and iOS. All services of MobiKwik are also available via a desktop site and a mobile site.
Accept Crypto & Credit Cards. Pay Globally.
Prodoge is a peer to peer platform for global business and payments. Find people you want to send money to. Browse profiles of businesses and professionals offering services. Promote yourself and your business.
A System Designed to Handle End to End Payments
Razorpay is the most integrated and world-class payment gateway. Its futuristic features handle end to end the transaction in a matter of minutes. An intuitive payment gateway software to streamline transactions.
We are The SiOnline India's Leading Travel Company
SiOnline, The All in One Mobile, DTH and DataCard Single Sim Multi Recharge Service. SiOnline network provides a convenient and cost-effective channel to reach their end consumers. we are also authorised principal service provider for irctc agent registration.
The Subscription billing and provisioning platform
Trigital Technologies, A SaaS Billing & CRM Company with Diverse Experience that provides end-to-end e-business solutions and services to Media, Data & Voice segments. Trigital provide the comprehensive SaaS based OBS Solutions. which is faster, flexible, yet a Enterprise Grade.
A Complete Education Management Portal
eShiksa is one of the solutions in this way forward where we propose to provide innovative and cost effective Education Management service to the Education Institutes. eShiksa is an education management portal that facilitates smooth management of educational affairs of an Institute.
Services by PayKun Payment Solutions Private Limited
Paykun is a Payment Gateway Solution for websites/apps. Receive payments securely from debit, credit, net banking, UPI and wallet. It allows checkouts, saving cards, reporting, recordkeeping, and fast settlements.
Get payments 3 times faster with Paymentvista
PaymentVista.com is a cloud-based payment solution for business that makes payment collection faster by 3 times and saves 80% of the manual effort. Online payment link sharing with customers, auto-generation of email invoice, online payment options, reminders etc.
Digital Payments In No Time
INNOTYM Application offers a simple & reliable way to make payments in no time. Innotym’s market place enables customers who need to make payments for their daily necessities to connect to their respective merchants through Innotym’s digital payment community.
Frequently Asked Questions (FAQs)
- It acts as a go-between to ensure that the customer’s data is safe and secure
- It decreases the frequency and severity of credit/debit card frauds
- Most online shoppers are quite familiar with the services
A. there are four types of payment gateways
- Hosted payment gateways
- Self-hosted payment gateways
- API hosted payment gateways
- Local bank integrated
A. Generally, payment gateway services accept all VISA and MasterCard, but if your business involves international transactions, then you need to check if the gateway supports local cards or not.
A. A brand management software will primarily focus on the overall appeal of your brand while digital marketing software will help you promote your products and services to generate sales.
A. There are only limited ways to boost the awareness of your brand manually, and you can reach limited no. of people. Many companies work on big data to analyze market trends and customer behaviors, and brand management tools are the best option to make your system automated.