Payment Gateway Integration

Payment Gateway refers to an e-commerce service that authorizes payments for e-businesses & online retailers. It in a way represents a physical POS (Point-of-sale) terminal located in most retail outlets. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant. 

Working of Payment Gateway:

Though it may sound simple but actually the entire working of a payment gateway comprises of multiple complex steps; a brief of which is given below: -

• Visitor places the order on website and it is sent to the merchant's web server in encrypted format. This is usually done via SSL(Secure Socket Layer) encryption.
• The transactions details are then forwarded to the concerned Payment Gateway.
• The transaction information is then passed on to the merchants acquiring bank by the Payment Gateway.
• Merchants acquiring bank then forwards the transaction information to the issuing bank (one that issued the credit card to the customer).
• Then the card issuing bank sends a response back to the Payment Gateway. The response includes information that whether the payment has been approved or declined. In case of declination the reason is also send in the response.
• The response is then forwarded by the Payment Gateway to the merchants server.
• At merchants server the response is encrypted again and is relayed back to the customer. This allows the customer to know that whether the order has been placed successfully or not.
• The entire process typically takes less than 5 seconds. At the end of the bank day (or settlement period) the acquiring bank(or card issuing bank) deposits the total of the approved funds in to the merchants nominated account.

Why is Payment Gateway Needed:

Payment Gateway holds the essence of any ecommerce site. One cannot think of making or receiving on-line payments without a Payment Gateway. Payment Gateway basically refers to an e-commerce service that authorizes payments for e-businesses & online retailers. It in a way represents a physical POS (Point-of-sale) terminal located in most retail outlets. Payment gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant. This "Payment Gateway" is specifically designed to accommodate the increasing demand by e-commerce companies for sophisticated multi-currency payment solutions to tap the enormous opportunities for global Internet transactions. Payment Gateway also includes several exciting new technologies that enable e-commerce businesses to display pricing in a customer's local currency while providing back-end settlement and reporting to the merchant in the currency of its own choice. Payment Gateways are server-based transaction processing system which enables businesses to authorize, process, and manage credit card transactions securely in a real-time, online environment from any computer with an Internet connection and a Web browser. Payment Gateway services are offered by Banks like CitiBank, HDFC, ICICI etc and the companies like WorldPay, PlanetPayment etc who are authorized to accept Credit Card online.Payment Gateway services is the heart of E-commerce which enables transaction online.They provide you with Merchant ID No which helps to manage and maintain your accounts.

Payment Gateway Solutions:

The Internet presents tremendous opportunities for you and your business, whether you are a budding entrepreneur looking to market and sell your great new idea or a large corporation searching for new ways to increase sales. But selling goods and services on the Internet presents its own set of challenges -- like how to set up and maintain a secure, reliable, cost-effective system for authorizing payment and managing transactions. If you don't know what you're doing -- and even if you do -- it can be difficult, complicated, and expensive. The Internet has changed everything ... the days of doing business within the confines of brick and mortar are over ... say goodbye to the limitations of yesterday and open your eyes to a new and exciting way of running your business online. Believe it or not, this renaissance has brought and will bring a tremendous difference in the way you run your business.

Security:

Payment Gateway Implementation from us helps you and your customers to engage in an online financial transaction that is secure, real-time, scalable and flexible. It facilitates seamless online payment solutions and gives you the confidence in the underlying trust structure. We offer an integrated solution employing 128-bit encryption to ensure the security of online transactions. The data is stored at our partner’s own state of the art data center, secured by sophisticated firewalls and other network security infrastructure. The gateway employs both software and hardware encryption to ensure the highest level of security. We at Dsan Solutions provide comprehensive payment gateway solutions for your online business, please mail us your query regarding the same.