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Online payment gateway is a secure interface for customers to enter their credit card details online. Once entered, the numbers are checked for discrepancies to prevent fraudulent misuse. Bank databases are queried to approve the transaction. Upon approval, the merchant gets the money debited to his account. This multi-layered approach to security has also contributed to customer confidence in using credit cards online
The Payment Gateway System offers various options for Companies/Business Establishments to enable on-line payment system on their websites and thus receive on-line payments for the products they sell or services offered by them. The options include :
Indian Financial Institutions, Indian Banks (HDFC, ICICI, CenturionBOP , etc.), Foreign banks (Citibank) offering a direct payment gateway with applied fixed setup charges, recurring monthly charges and security deposits sometimes along with over riding commissions on per transaction and billing amount.
Service Providers such as CC Avenue, Paypal etc. offering their services for enabling on-line payments with relatively low or nill initial investment and higher over riding commissions on per transaction and billing amount.
Write to us for setting up an online payment gateway for your website.
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