In technical words, convenience and security is the biggest perk all the aspects.
Before the transactions are made on stream, the difficulties in money transaction between banks, the time for happening, the cost for negotiation over the wide network was made challenging.
But, now everything is made possible by the on stream platform.
Never mind how great the e-commerce environment may appear, work achieving a success in online venture may eminently depend upon the renders, it’s our turn to attract, full fill the visitors and keep them tuned where it can be built by accessible remittance.
Online Payment Gateway allows the merchant to accepts card (Credit, Debit, Net Banking) details securely by connecting payment processor and merchant account providers.
Gateways are payment service typically provided for an additional charge, that process card [credit/debit] on stream through an e-commerce site or its terminal emulation.
In the other words, the Online Payment Gateway is highly secured by its encryption standards and it is highly recommended. Of course, the gateway initially starts its work by transferring encrypted data using SSL.
Rather before sending it through the credit card payment system to protect the client’s credit card details in an encrypted format, in such a way that it is inexpedient for the trickster to access the data is placed between the different team in the payment network.
Simply the payment gateway processors work by
There are various options that are being provided by the payment gateway which may include Braintree, authorise.net, remuneration express, trust commerce and it moves on.
The variegated payment gateway providers include:
Scheduling the various list in the Online Payment Processor in India which may vastly difficult because it requires surveillance, quick, diverse, and most reliable gateway to get best out of the service.
While picking up the online payment gateway across the country and payment processor between country various points to be considered like Security, Reliability, Good Rate, Diversity, Easy Integration, hire Option.
CCAvenue is a Commerce Service provider which is one of South India’s largest payment portal provider, authorized by Indian financial institutions, which varies from multiple requital options, multi-currency, real-time merchant services.
They started their business in the year 2001 and recently they overhauled their UI interface for the better user experience. CCAvenue supports almost every Indian banks with multiple payment options.
The secure shopping environment is being provided. The various other benefits that are being provided by CCAvenue are fast and efficient credit card process, no merchant account required, provides various national and international bank offerings.
Here in the Online Process Gateway solution, CCAvenue provides a secure link between website, issuing institute and banks were it is the secure payment processor. The two interfaces provided by the solution includes Variable defrayal Interface, Shopping Cart Interface.
CCAvenue has one of the leading Checkout of India’s website, where it has thousands of web portal. The quality includes smart dynamic switching, iFrame integration, Multiple Currency Support and more.
E-Billing Solutions Pvt. Ltd is the first Indian merchant website which is the part of Ingenico Group facilities where the shopping is being made in merchant website and collects the payment from the customers through net banking, credit/debit cards.
EBS provides most advanced and efficient linked payment collection service for a large variety of e-commerce website and e-tail shopping platform in India as well as abroad. By focusing on innovation and transaction shelter, EBS shapes the global payment solution market.
EBS is certified as secure payment processor which assembles the online defrayment option by many other environments to the single platform with less technical integration with merchant website.
The various features provided by the EBS includes payment page customization, Plugins for all major Shopping Cart, Turbo Checkout, Auto pay, Intuitive Analytics, Payment Page Rendering, Support.
Citrus pay is leading the all India’s fastest growing finite company with a particular technology focus towards mobile and digital payment throughout the nation to make the customers more comfort in peculiar shopping sector.
They started their operations in April 2011 and has more than 800Million users and growing aggressively in India.
The company is first to bring out the industry’s first payment solution such as 1-Click Checkout, Wallet For Cabs, Consumer Analytics, Native Mobile App Payments And Many More.
In citrus pay, the key features being treated includes a supercharged SaaS platform to handle emerging markets, popular networked consumer wallet.
Admirable features incorporate with Single Management Panel, Dynamic pricing, Email Invoicing, EMI, all the transaction that are being made with it are only a virtual payment address, ensuring that our money is in sheltered hands.
It makes digital outlay a simpler and faster, reliable and secures finally interoperability. They support UPI payments across the country.
Among the largest Online payment processors, Direc Pay is revolutionary bank-impartial payment processor for the online merchants in India. It is highly secured in such a way that it uses merchant-centric payment gateway service, robust technology environment, cost-effective solution.
Direc Pay will act as one-stop gateway were as merchants can contact on stream transactions. The acceptance of transactions can be done by various posture includes credit/debit card payments, E-banking, Mobile Payments.
Since the requital is merchant-centric it will help to receive the payment in a secure environment, from a bouquet of payment in a service offering. It offers the lowest fee in the Online spending environment which will make some distinct advantage to drive linked business in India.
Some eccentric features of direc include Multiple Access Mode, Saving on Infrastructure, Payment Alerts, Merchant Account not Mandatory, T+2 Fund Settlement, Overnight Integration, Watertight security.
In the level of surety, it is being certified by PCI DSS, VeriSign Secure, Verified by Visa and Master card secure code, Robust data integration, inbuilt fraud detection measures (Fraudulent Customers, Fraudulent Merchants, Any Suspicious Activities).
Adding together the work of direc pay includes
Instamojo is the Multi-Channel Payment Processor For India, it is India’s leading full-stack transactional platform for MSMEs. Instamojo is a zero integration payment service that lets you collect the payment with the help of just a link.
Instamojo is simple and easiest Online payment gateway for any kind of developers. It can be combined with any website with any stack, here the payments are made simple by API’s with well-defined documentation and SDK’s platform.
The payments in Instamojo can be by Credit/Debits cards payments, Net-banking, EMI, Wallets, and UPI. It supports Rupay, VISA, MasterCard and AMEX cards. The payments are made at very high speed, with optimized checkout.
It uses smart payment processor distribution system allow us to split payments between you and your partners in a various manner.
OnlineHomeIncome personally uses Instamojo all our transactions. We had been in the business with then since six months and so far we never had a negative experience with them.
Their easy to use interface provides an option to create direct payment link to send our customers to collect direct particular payments at ease.
Additional features include:
Authorize.Net processes is a United States-based payment gateway provider, it is well suited for the companies varying from small and medium-sized merchants.
It is one of the safest gateway helping the merchant accept online payments, with fraud detection suite.
It also provides Advanced Fraud Detection Suite that identifies, manages, and prevent the suspected fraudulent transaction from causing issues.
It is the non-profit organization, it combines with the reduced margins, to accept donations and payments at a varyingly low rate. Here, the margin is flat and fixed, so you always get good offers.
It provides MCC(Merchant Category Code) to classify the different business that accepts their cards.
It is the hooked up transaction method accepts credit card and electronic checks from websites and pay the amount by itself to the respective merchant account, thus saves time, and transaction charges.
Here, mobile transactions are also accepted that would accept the credit card payment securely, which is the secure payment processor.
The main goal is customers satisfaction, so it uses Customer Satisfaction Algorithm that gathers the review across a range of social media site.
The main added features include Automated Recurring Billing, Customer Information Manager, Fraud Detection Suite, Net.
With the growth of the Internet and its technology, the world has shrunken to palm. Payments between the countries are not at all a time-consuming processes with the introduction of international payment processors.
They operate very similar to payment gateways, collecting payments from customers and convert into merchant country currencies and deposit the money to their local bank account.
For an example, we need to pay for our servers hosted in the United States. Our country currency is INR whereas the United States was Dollars. Sixty-five Indian rupee equals one US dollar.
We use PayPal to pay our recurring server bills where PayPal debits the fund from our Indian bank account and convert INR into US dollars to deposit in their merchant account.
This process is instant and depositing may take 2 – 3 business days. We will see the International payment processors further in this article and see which one to suit your business purposes.
PayPal is an American company started in December 1998 and operating worldwide where it is the all-in-one online allowance solution that is both merchant and processor.
It is the electronic commerce system that operates its payment through connected fund transfers accepts both credit card and debit card payments across the world.
Here the security regards like other protection if unauthorized regulation occurs it will notify quickly when you have concerns will help to your limit of liability. The payment will be made through credit/debit cards, mobile banking and more.
PayPal provides end to end payment solution for online and mobile platforms, to help grow your business. The payments can be done in a parallel manner that involves a sender making one payment to multiple recovers.
In most of the case’s stock is that mainly matters, here Stock Simulator is our free test to increase in trading skills. Added we have Social Payment services links the user to directly link the user’s bank account or card information.
Additional features include virtual currency, returned payment fee, credit card authorized use. It is the leading e-commerce website builders, customizes and manage the website, loaded with marketing features.
You can register a free account with PayPal (both individual and Business accounts are available). Minimum transaction fee that is 3.4% + $0.3 USD for merchant payments.
Their buyer protection policy offers a great solution to protect buyers from the fraud activities with the merchants.
Payza is a global online payment gateway, where e-wallet connects you to the world. It’s the first company to use Bitcoin for sending and receiving the payment.
It is an extremely easy way to make transaction networked by Online Payment methods since you can send the money anywhere around the country for free.
The flexibility of loading, withdrawal gives you the choice which makes you to get money faster, easier and cheaper with Payza. Payza e-wallet via an e-currency exchanger allows converting E-coins into real currency (you may use only exchangers authorized by Payza).
Just like payment gateway provider like Payza is also widely used for transaction shopping and other platforms where a transaction is being secured and enable the user to accept the payment via ACH transfers, bank wires, cashier’s check, bitcoin etc.
Payza management also guarantees to keep the platform as simple, international, versatile and secured.
The services such as
Payoneer is an international money transfer financial service company, that provides online money transfer and digital payment service. It is also used by e-commerce marketplace worldwide.
Payoneer is a fast, flexible, secure and low-cost solution in both developing and developed platforms to get pay in all levels.
The funds are transferred worldwide from companies to a local bank account in INR at low cost. It is highly suitable from small business to international companies.
Payoneer is not only for online sellers it’s also for freelancers to get payment from the foreign country for freelancing works. They support the largest number of different country currencies.
Their unique features are lowest rates, multiple currency support, free registration, and multiple business support.
The security features include
Skrill is an UK-based company which is an e-commerce business that allows the payment and transactions through the internet.
It is one of the leading company which is registered as Money Service Business. It is majorly used by big business people’s and Skrill provides the premium membership card for the customers who produce the highest turnover.
Additional features offered but Skrill includes Multi-currency, armor Tokens etc. If the transaction wants to be cheaper Skrill is the best.
The various use of Skrill is transferring the amount, online shopping, receiving money online. Skrill enables customer securely and cost-effectively send and receive the payments.
The security system in the Skrill includes transaction monitoring, SMS transaction verification for the cardholders and dedicated anti-fraud team.
Skrill features include:
Money transaction for both businesses and personal becoming easier with the use of these payment processors and gateways. All people were using Smartphone’s, Internet which enables them easy transaction.
This industry is still growing to find a new dimension and now, we have options to pay with Mobile wallets and UPI. These are called as Digital payments which Indian Government is pushing harder to empower digital India.
We have compared and picked up the best e-commerce store or selling digital products from the website, where you need a payment gateway to accept payments from your customer. The comparison here is based on the time taken to set up the products, user interface, cost, options, support and finally security.
In my personal experience, for every business, the payment is the final lead and the success if how you make it as easy as possible to get payments from your customers.
You can use any one of the online payment gateway to your business to collect payment for your services and products.
Do you have any ideas (or) suggestions to share with me to this article? Post them here in the comment section to create a healthy environment.