You may have developed a website to sell your products and services to customers inside and outside your country. Nowadays, most of the customers rely on digital payments to make a deal with merchants. That is why it is important to integrate payment gateways into your website. Digital payment gateways are third-party providers helping merchants to get Online Payment Gateway Integration.
The gateway is a software application transmitting the transaction data to the chosen bank from the issuing financial body. Moreover, the confirms approval and decline of the transaction.
What is the function of the digital payment gateways?
- The gateway processes the payment information submitted by users.
- It encrypts the identifying data and transmits it safely in the digital world.
- To confirm the data validity, the gateway triggers the request for transaction authorization. For instance, while the buyer uses a card, the gateway takes it to the secure page of the issuing bank.
- After receiving the positive response on payment authorization, the system returns to the E-Commerce platform.
You can look for online payment service providers to integrate the best gateway.
Guide to choosing the right payment gateways
- Security technology
The transaction data security is the major issue in the E-Commerce Industry. Thus, to process debit and credit cards, your payment gateway must be compliant with the latest payment industry standards. The reliable gateways always take steps to prevent fraud.
- Features of the payment method
Some payment methods help with global transactions, while others are only for local markets. For instance, PayPal and other E-Wallets have global presence.
- Automated billing system
Recurring billing is one of the major features of digital payment gateways. Obviously, it is a convenient feature, as subscribers do not need to make manual payment every month for subscription renewal. Thus, when your website offers subscription packages, you have to check out this option in your payment gateways.
Choosing the right payment gateway is important to make decisions. You can rely on WorkLooper Consultants Pvt. Ltd., one of the best Payment Gateway Integration companies in India. To help your customers in making digital payment, you have to add the secure gateway.