Integrate payment gateway services in your eCommerce site to provide a faster and secure service

Payment gateways are a web-based payment service that can be integrated into an eCommerce platform in terms of providing a smoother and secure service. As suggested by the best eCommerce development company in Kolkata, these payment gateways are only integrated into the eCommerce platform to collect payment provided by the customers shopping products from the service provider.

With technology advancing by the day the payment gateways have become a secure method of making payments simply by using credit/debit cards. According to ITSpectrum Solutions, a market leader in the eCommerce and website development domain, the payments received from the end customers happen in real-time and help them make payments in the nick of a time and are quite popular in the website portals as well.

Why integrate a payment gateway into an eCommerce platform?

As discussed earlier integration of payment gateways into an eCommerce platform facilitates the success of the eCommerce business happening online. As suggested by the best website development company in Kolkata, integrating payment gateways also helps in incorporating new features and facilitates electronic payment processing both for the merchants and the eCommerce stores at the same time.

With the payment gateway integrated into the eCommerce site, a payment transaction or transfer can be smoothly done using the payment details from the processor or the bank directly to the portal like the eCommerce website or even a mobile phone. Moreover, it has become very important that the eCommerce stores integrate APIs or application programming interfaces that can be easily plugged into the online store.

As depicted by the best eCommerce development company in Kolkata, the payment gateways in the eCommerce store work according to a step by step guideline such as –

•    The gateway starts working as soon as the customer places an order on the online store by filling in all the details of the credit or a debit card.

•    Information is encrypted by the browser used by the customer and then it is exchanged between the browser and the vendor’s web server.

•    The payment gateway will now send the transaction data which will be utilized by the vendor’s payment receiving bank.

•    Transaction data is now sent by the payment processor directly to a card association.

•    An authority will be granted by the processor to the merchant and the customer using the payment gateway.

•    Now the payment will be processed only when the gateway receives the response and it transfers it directly to the eCommerce website.

•    Transactions are only cleared only when the merchant has successfully completed the transaction.

•    In the last step the issuing bank will allow a settlement with the vendor’s payment receiving bank.

What are the criteria to be fulfilled before you integrate a payment gateway into the eCommerce platform?

As depicted by the eCommerce platform developers of ITSpectrum Solutions, integrating a payment gateway into your eCommerce store will provide the customers with an easy to use and faster payment options. Being an eCommerce service provider it is very important that every business owner does incorporate a payment gateway offering multiple payment options and thus help in increasing sales. Integrating payment gateways are quite effective and do make it easier for the customers to pay for the products they are purchasing from your store.

Some of the important criteria to incorporate a payment gateway into your eCommerce store are –

•    Offering transparency in terms of pricing of products

•    Being consistent with pricing

•    Considering the processing costs for each customer transaction

•    Providing the ease of deleting an account

•    Offering smooth cancellation of an account

•    Considering the transaction time length for receiving funds from customers

•    Offering advanced customer support

The best website development company in Kolkata suggests that integrating a payment gateway would be the best option when you are thing about launching an eCommerce store. This will help in providing smooth and easy to use functionalities to the customers to make payments for their online purchases.