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Payment Gate Way Integration for the Online Merchants

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					            Payment Gate Way Integration for the Online Merchants

Payment gateway is the service to process credit card transactions for the online customers, these
gateway transactions are offered by different banks and payment processors, this gateway services
different from various account, Payment gateway transaction refers and used for e-commerce services
and online retailers, this gateways encrypt sensitive information, such as credit card numbers,
information passes securely between the customer and the merchant.

TWO KINDS OF PAYMENT GATEWAYS

   1. PAYMENT GATEWAYS THAT REQUIRE MERCHANT ACCOUNT
   2. PAYMENT GATEWAY THAT DOES NOT REQUIRE A MERCHANT ACCOUT



PAYMENT GATEWAYS THAT REQUIRE MERCHANT ACCOUNT:

We can apply merchant account in local bank or else third party companies

Benefits:

      You can get competitive rates ie profit more
      your company will reflect on the credit cards of your customers
      Built-in shopping cart
      Integration of your websites

Disadvantages:

      This kind of payment take time
      As a merchant you should contain secure protocols to your website to prevent from frauds
      Some types of cards are not accepted

PAYMENT GATEWAY THAT DOES NOT REQUIRE A MERCHANT ACCOUT:

Benefits:

      You can sell your products immediately
      Approve and gives you strict fraud detection protocol
      Provider will benefit by getting simple percentage for each transaction

Disadvantages:

      You have to pay high commission rates
      They often may take some charges on the card
Why Payment Gateway Integration ?

         Online shopping
         Pay for utility bills
         Make donations
         Online Money Transfer



PAYMENT PROCESS SYSTEM:




PayPal:




PayPal is the payment gateway transaction for the money transfer through the internet, it is the e-
commerce business allows payment in the online services, this provide complex infrastructure and
necessary security.
Money bookers:




Moneybookers is best online payment solution for the online business on the internet, it is less cost to
send or receive transactions, they are suitable for the online merchants for the business and e-
commerce stores.

World pay:




World Pay is otherwise called as RBS world pay, it is the payment processing company that provide
payment services for the internet retailers and for the sale transaction for the online merchants. They
have some other majority for the people who handling the services multinational.

Authorize.net:




Authorize.net connects the payment application to credit card , it is exclusively used for the most
successful resource business, they are suitable for the online merchants for the business and e-
commerce stores which provides the complex infrastructure and security necessary to ensure secure,
fast and reliable transactions.

2checkout.com:
Online payment processing services that process the service and bundle the payment gateway online
merchant account , it is the simple integration for the websites.




Google check out:




Google check out is online payment process by google for online purchases, they are faster, safer and
more convenient way for the online shopping, Google Checkout store gadget allows you easily create an
online store.

Moneris eselect:




Easy to use ,multi functional applications for the card payments, it is the POS(Point Of Sale ) for the
organization or industry such as restaurant, education online , hospitality and mobile.
HDFC:




HDFC allows secure way of online payment services by credit or debit card, the online payment gateway
solutions is easy way to enhance your online business, they provide separate billing section for the
transaction services.

Fast Transact:




Wide ranges of services in internet for the online merchants and accept credit cards in the web site, it is
fast and reliable 100% security payment solutions.

Pay Junction:




Pay junction services gives payment gateway allow payment services for the internet retailers and for
the sale transaction for the online merchants. They have some other majority for the people who
handling the services multinational.
ICICI:




ICICI is used to process credit card transaction on the online orders, these payments are offered by the
different banks , this process vary from service to service mostly it is provided by the gateway providers.

Virtual Merchant:




It helps in the fast processing of credit cards over the internet, it is known as online merchant
account simply a bank account that holds the funds while they are being processed.

Pay Me Now:




Transaction for the internet- based process , it have ability to process the credit as well as debit
cards and too online checks.

				
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Description: Payment gateway is the service to process credit card transactions for the online customers, these gateway transactions are offered by different banks and payment processors, this gateway services different from various account, Payment gateway transaction refers and used for e-commerce services and online retailers, this gateways encrypt sensitive information, such as credit card numbers, information passes securely between the customer and the merchant.