Payment Gateway System

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payment-gateway-system

What is a Payment Gateway System

A payment gateway system is a 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. The payment gateway might be provided by a bank to its customers yet can be provided by a specialized money related service provider as a separate service, such as a payment service provider.

A payment gateway facilitates payment transactions by the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service). And the front end processor or acquiring the bank.

payment gateway system

How Does a Payment Gateway Work?

Payment gateways have software and servers that transmit transaction information to getting banks and responses from giving banks (such as whether a transaction has approved or declined). Basically, payment gateways facilitate communication within banks.

Security is a basic segment of all payment gateways. As touchy data such as credit card numbers should be shielded from any fake parties.  The card affiliations have made a lot of guidelines and security measures that must be trail by anybody with access to card information including gateways. This arrangement of guidelines and security models has known as the Payment Card Industry Data Security Standard (PCI-DSS or PCI).

Submitting a request is typically finish utilizing the HTTPS set of rules. Which safely communicates individual information through the parties associated with the transaction. Numerous payment providers, such as White Label Payment Gateway. Empower Merchants with included alternatives when a cardholder buys a help or item. Besides giving the capacity to continuous transactions. These suppliers can interpret monetary standards between two parties in various nations, just as an extension language and payment techniques. Payment gateways more often than not charge the individuals who use them for each transaction expense.

Why White Label Payment Gateway System

Payment Gateway System has the digital equivalent of credit card processors found in digital stores. Which makes them absolutely essential in online retail environments. There are many platforms of this kind available on the market. But what distinguishes the best among them is whether they ensure seamless and easy transactions, correspond to quality standards and policies, and secure sensitive data to prevent all types of financial frauds. The best course of action when choosing our payment gateway program is to ensure it meets the needs of your business.

  • What is a Payment Gateway?

    A payment gateway is an ecommerce service that processes online payments for online as well as offline businesses. Payment gateways help accept payments by transferring key information from their merchant websites to issuing banks, card associations and online wallet players.

  • How is a payment gateway different from an online/digital wallet?

    A payment gateway helps businesses to accept online payments from customers. The payment gateway is thus a service employed by a online business and does not have a direct relationship or account with the end customer. An online/digital wallet is a payment instrument in which customers can store money and utilise on online websites which provide the support for these wallets. Payment gateways such as WLPG provide support for multiple wallet options including Amazon Pay, Freecharge, Airtel Money, PayZapp.

  • How secure is their encryption?

    To be sure, you’ll want to work with PCI compliant companies. The Payment Card Industry Data Security Standard (PCI DSS) is a system of standards put in place to uphold security provisions for the electronic world. Before you pull the trigger on any one gateway, double-check that they maintain PCI compliance. These are standards put in place to protect customer data and payment information.

  • What is an affordable online payment gateway system in Nigeria?

    There are few online payment gateways in Nigeria today but they are a bit expensive. Few other that are cheap are not even taking Visa or MasterCard. I am previledge to have tested a beta version of the eSecurePay payment solution for the Nigeria market and it works perfectly good.

  • How quickly can one build a payment gateway system?

    For many businesses, establishing their own payment gateway is what really allows them to move forward and grow their brand. By providing services that are specifically tailored to meet their own needs, and those of their customers, companies who have their own gateway set themselves apart from their competitors. That said, the process of adding a payment gateway can be either very simple or very complex, depending on the specific services, features, and functionalities you require.

10 Comments:

    1. HELLO JACK
      Thank you for visiting our website White label Payment Gateway. It seamlessly connects to e-commerce or in-house payment processor, for example, credit cards processing networks or online banking. Payment gateway is a third-party between merchants and customers. If you need a script please contact us.

    1. Hello Chik
      Thank you for visiting our website White label Payment Gateway. There are four main types of payment gateways to choose from.

      1.Hosted payment gateways.

      2. Self-hosted payment gateways.

      3. API hosted payment gateways.

      4. Local bank integration.

      If you need your own brand name payment gateway please contact us for more details about the white label payment gateway.

    1. Hello Mark
      Thank you for visiting our website White label Payment Gateway. A payment gateway is a system which processes payments, going to and coming from different sources. The actual actors API which will be developed and consumed. PHP is quite much good to create and consume different types of API such as REST or SOAP. If you need payment gateway script or software please contact us.

    1. Hello Nikhil,
      Thank you for visiting our White label Payment Gateway website. The RBI mandates that no private company can make a payment gateway. Only bank can offer payment gateways.

      What an individual can do is become an payment aggregator. Effectively that means that you have to take an existing payment gateway form a bank and make it look like yours. Then you will also have to tie up with each bank individually so that you can offer their services of net banking on your gateway. If you need payment gateway script or software please contact us.

    1. Hello Alison,
      Thank you for visiting our White label Payment Gateway website. White label payment gateway renders you a solution to seamlessly accept payments from your website with your own branding and designs. To start with, I would say there are many options available these days for white label solutions. Here is some list of payment gateways which offer white label solutions. If you need payment gateway script or software please contact us.

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