- September 2, 2016
- Posted by: admin
- Category: Uncategorized
A gateway is specially used to secure a website’s transaction services. The main reason of opening a store is making a sale. When a visitor sees a product in your store, you want them to purchase a product. Payment gateways will be useful for all types of transactions. A gateway is a channel used to transfer money from one place to another. When it comes to the business in ecommerce, a payment gateway plays an integral role in the market.
It includes verification when you make a payment and then transacting the amount from your account. It includes credit card, debit card, internet banking, when it comes to gateway transactions. For accepting credit card transactions you need to have a merchant account. It is needed for long distance payments or usually people prefer this. If you are a businessman, you can open a merchant account from your bank where you can make transactions. This type of account will lead to the verification of the amount in your credit card by the bank and transaction takes place.
There are various companies which offer payment gateway services which accepts all types of transactions processes like credit card, debit card, net banking, etc. you can choose your own company whichever you like. However, there are many companies which provide more than one payment gateway. These include paypal, paytm, ccavanue, instamojo, atom, payumoney, razorpay, etc. There are necessary steps to take care when it comes to setup a payment gateway with your ecommerce business. First of all, you need to open a merchant account and have to fill all the required details, and then the payment gateway company will verify the details. Once the details will be verifies and the account will be activated, they will provide you a unique ID or a code will be generated which you need to integrate in your website.
This will help you with the integration of payment gateway in your website. Now, when a customer wants to buy a product, he/ she can pay through the payment gateway with credit card, debit card, or net banking. Once it is done, you will get the payment in your account from the company monthly. Livepro Softech is one of the best website development company which will help you with the development of website and integration of payment gateway and logistic support.