What is Payment Gateway?
Payment Gateway: A payment gateway is a service that approves the payments for Ecommerce Store, Online Retailers and Service contributors. It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways protect credit card details by encrypting sensitive information, such as credit card numbers, to ensure that information is passed securely between the customer and the merchant and also between merchant and the payment processor.
A payment gateway facilitates the transfer of information among a payment portal and the Front End Processor or obtaining bank. When a customer orders a product from a payment gateway-enabled merchant, the payment gateway achieves a variety of tasks to process the transaction such as a customer places order on website by pressing the 'Checkout' or equivalent button, the merchant then forwards the transaction details to their payment gateway.
Business People or Customers can receive the payment from the following methods
- Website
- Mobile
- Automatic IVR System
« previous post
Benefits of Using Magento Open...There are a number of open source e-Commerce solutions such as PrestaShop, VirtueMart, osC...
next post »
Indian Social Media Trends in ....Indian social media grew by leaps and bounds in 2011. Indians witnessed the true power of ...
Leave a Reply
No trackbacks yet.
No post with similar tags yet.
Posts in similar categories
- QwikCilver starts selling Gift Cards online..!!
QwikCilver is India’s largest provider of stored value card based solutions. Be it Gift Card programs, Loyalty programs, Discount programs for Retailers and service providers, or convenience and operational efficiency programs for Corporate like Campus Cards, Incentives and Benefits Card. They planned to get into direct retailing of Gift cards through the online channel and...
- SportsNest, a pure play e-tailer for sporting equipments goes LIVE..!!
SportsNest is a new venture started by Bangalore based entrepreneurs to sell sports equipment online. The site chains the need of a sports equipment portal which can serve all kind of buyers by providing all popular and hard to find sports goods. Embitel got involved from the very beginning of the unique online venture planning...
- Tips for cart abandonment emails
Cart abandonment is a loss of opportunity and loss of sales for e-commerce businesses. What do you do for abandoned carts? You must, if you are not doing anything. Send me my commission for the added sales you will get, if you start acting on the abandoned carts. Here are few tips and observations; Send email to...
- Benefits of Using Magento Open Source Shopping Cart Software
There are a number of open source e-Commerce solutions such as PrestaShop, VirtueMart, osCommerce, Zen Cart, X-cart and so on. But Magento has become one of the most frequently used open source solutions. This is due to several reasons; firstly it has user friendly interface and enormous usability that can suit all online store owners’...
- Essential Tips for Online Retailers
If you are an online retailer you no doubt will be aware of the value of marketing your website in the correct way to drive sales and loyalty. However there are several simple ideas that are overlooked when it comes to marketing your business in the minds of your user. Focus on Customer Service: By providing...
- Google in talks with retailers for ONE Day delivery service to take on Amazon
In another foray into commerce, Google is working on a delivery service that would let people order items from local stores on the Web and receive them at their homes or offices within a day. The service is in an early testing phase, and it was described by three people briefed on the project who... - 50% Of eCommerce Site Visitors Are Logged In To Facebook
eCommerce sites should consider how they can personalize their sites using Facebook data, as a new study shows 50% of visitors to ecommerce sites are currently logged in to Facebook. Using Facebook social plugins and Connect integrations, sites can leverage Facebook data to show visitors what friends bought or shared, what products relate to their...
- E-Commerce Site Design Tips
Following these basic guidelines will help make your site not only attractive, but also easy for customers to use - and that means easy to buy from you. 1. Carefully research your own favorite e-commerce sites. Creatively adapt the most compelling marketing and design techniques to enhance your site's effectiveness. 2. Your home page is your site's...
- Dos and Donts in E-commerce Web Page Design
Web design is the backbone of a website. It plays a crucial role in the success of a site. It is also important from SEO point of view. This is the reason why it is of utmost importance to pay proper attention to the design of the site. When it comes to an e-commerce website,...
- Advantages of Paypal
PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders. Easily accept online payments Immediate and convenient. Payment is deposited directly into the seller's account. No need for customer to have a PayPal account Send money to anyone...
About Smart e-Commerce
Smart e-Commerce is the Blog from Embitel which will provides the latest trends, information, Trends and strategies about e-Retail Solutions, e-Commerce, Social Media Optimization, Blog Marketing, Online Seminars, Search Engine Optimization, Google Rankings and e-Marketing Solutions in India, Germany, UK, Nordic, Australia, Norway, Sweden, Denmark and Finland.
For ECommerce Services
Click Here
