What benefits can a payment gateway provide my business?
A payment gateway is the main cog in the payment processing system, whether you buy something online or in a physical store.
ü
Convenience
When
you integrate with a payment gateway, your customers can make purchases
whenever they want, whether you're in the store or not.
ü enhanced security
When
it comes to online payments, customers' top priority is security. Every payment
gateway should be PCI DSS compliant, that means they must follow specific security
standards to ensure that your customers' credit card information is processed
securely.
ü Payments made more quickly
As
a business owner, you understand how difficult it is to get paid at all.
Instead of going through the hassle of agreeing to pay on a certain day and
then forgetting to do so, many customers prefer to pay right away and be done
with it.
How do I connect a payment gateway?
1. The first type of
integration directs your customer away from your company's website to pay. This
is appropriate for businesses that do not receive a lot of online traffic.
2. When your customer clicks
on the payment link, they are directed to your payment processor's page to
enter their credit card information and make the payment, after which they are
redirected to your website.
3. Your client remains on the
website throughout the entire process of payment. The whole payment process is
conducted through a payment gateway. When clients enter their personal
information on the website of your company, the information is forwarded to the
URL of the payment gateways, and the transaction is processed.
4. There is another form of
payment gateway that uses the Application Programming Interface system. It's
almost similar to the previous system, customers enter the details of their
credit card directly into the payment page of a business, but API is required
for processing the payment.
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