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Knowledge Online Payment Gateways Presented By: DUS PAYMENT SOLUTION
Online Payment Gateway: A Summary Online Payment to any marketing that is made over the net makes everything easier and saves time.
Payment Gateway: A Summary Online Payment Gateway is an application service provider that facilitates online deals through Credit Card, Debit Card or Internet Banking.
Division Of Online Payment • To doing payment online, we require: • A Merchant Account • An Account with the Service Provider • A button such as Buy, Join on the webpage so as to initiate the transaction.
Division Of Online Payment The visitor clicks on the buy button and then fills credit card data, on clicking the pay button, a transaction request is started.
Division Of Online Payment The transaction request is transmitted to the payment gateway in encrypted form. The payment gateway then confirms about purchaser’s details using payment processor.
Anatomy Of Online Payment If the credentials are correct and funds are available in then transfer of money between bank and merchant account is initiated. The transaction status is sent to the user after transaction is completed.
Conclusion Including online payment on the website, makes it easier for the buyer to purchase products/services without having to make extra effort to get payment. Online Payment Gateways provide with a platform to carry out online sales securely.