WHAT IS PAYMENT GATEWAY?
admin WHAT IS PAYMENT GATEWAY?
Everybody know how badly the COVID-19 effect on business. While the whole India in lock down, every transport system is closed, you will loss a little bit or have a big loss in business. So you start your business online through website.So the main thing how the customer can payment online? Its very simple process and it called payment gateway.Payment gateway is like a platform to collect payments. Its like transaction of payment.Basically A payment gateway is a software application that payment service providers use to process payments for online purchases.Its a crucial part of processing payments online infect its essential for online transaction to take place.
Payment gateways like a cash counter, when you buy something from a store or a shop, in the cash counter you paid the bill. So while you do online shopping or buy something you must be paid for it. So you used payment gateway for paid the bill.payment gateway acts as an interface between the online website and a payment processing bank. A payment gateway is a tunnel that connects your bank account to the platform on which you make a purchase.
HOW DOES IT WORK?
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What Are Stock Photos Used For?
Basically Payment gateway implement on E-commerce website. Payment gateway also used for debit card and credit card. When a customer purchases a product or service on a website that is connected to payment gateway, then the gateway process the transaction.
When the customer places their order on website, then choose payment option and cart information collected and passed on the payment application in a secure way. From there the payment gateway processes the transaction and sends all information to the issuing bank for the approval.When the payment gateway sends the approved transaction back to the website. Then the website informs the customer and then the purchase has been successfully completed.
WHAT IS TOP 10 BEST PAYMENT GATEWAY IN INDIA?
- Cashfree payment gateway
- PayU payment gateway service
- Razorpay payment gateway
- Grezpay payment gateway
- CCAvenue payment gateway
- PayTM payment gateway
- Amazon Pay payment gateway
- 2Checkout payment gateway
- Authorize.Net payment gateway
- Stripe payment gateway
HOW SOFTWEB HELP YOU?
Softweb development technologies can help you to build a payment gateway service for your website. Softweb development technologies has dedicated team and we will always do our job in best way. In future for any kind of help we will always there for you.
