Payment Gateway Integrations
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Payment Gateway Integrations
Merchants from all over the world are working to improve the flexibility
For businesses, receiving online payments has never been simpler. Nearly all companies now accept online payments as a result of India's transition to a cashless economy and growing consumer demand.Merchants from all over the world are working to improve the flexibility, convenience, and security of the entire online shopping environment, from marketing and product promotion to payments. The connectivity of the payment gateway has been crucial in ensuring the security of online payments and the satisfaction of the customers for retailers.The majority of businesses that accept payments online choose to integrate their payment gateway. A payment gateway is a device that enables businesses to receive payments online. It serves as a conduit or connection between your webpage and a payment source or card network. It accepts and authorises online payments.
- How do payment gateways work?
An important job is selecting a payment gateway that will meet your company’s needs and work with the existing corporate infrastructure.
It can be challenging to select a payment gateway integration. Let’s start by understanding the fundamentals of the various payment gateway kinds.Taking into account various payment gateway connections and the various functions they offer. The maintenance and support requirements for these integration types also vary.
You must thus think about what kind of payment integration will enable you to make the best use of the payment gateway you have chosen for your organisation after selecting one that will work with your business model.
The primary forms of payment gateway integration are listed below.
- Hosted payment gateway integration
The customer is directed to a secure payment page using this style of payment gateway connection.A payment service provider hosts this payment page. Since the customer must leavethe merchant’s website in order to make the payment, the payment gateway here serves as a third party.
The buyer must submit the payment information on the page after being forwarded to the payment page before continuing with the transaction.Once the transaction is completed, the customer is taken back to the company’s website to finish the purchase.Hosted payment gateways are adaptable, simple to set up, and straightforward to use.
The company only needs to select a payment service provider that complies with PCI standards for transaction security.Currently, the majority of online payment service providers give fraud prevention and are PCI compliant.
The sole drawback of employing this form of integration is that because it uses a website that is hosted outside, the merchant cannot control how customers experience paying for items.
- Self hosted payment gateway integration
Self-hosted payment gateway integration is the best option if a business has to manage both the payment and the entire checkout process. Without having to leave the shop website, retailers can now take online payment from the client.
The entire transaction procedure is done on one page, which is advantageous from the customer’s perspective and makes this payment gateway integration adaptable. The issue, however, emerges when the system malfunctions because checkout and payment take place in the same location.
With self-hosted integration, the merchant has more control over the checkout process, but that also means that the merchant is now responsible for taking security precautions to secure cardholder data.
- Non-hosted payment gateway integration
Customers can submit their payment information directly on the checkout process when using a non-hosted payment gateway, which uses APIs to process payments online. The UI of the payment page is completely under the merchants’ control. The integration of a non-hosted payment gateway offers customers a seamless one-page checkout experience because there is no redirection necessary.
But once more, with this kind of integration, the merchant is not held accountable for PCI DSS compliance, SSL certification, or protecting consumer data. Integrations for different payment gateways operate differently. The following are some elements to take into account while selecting a good payment gateway type.
- Changeover costs for signing up with a payment gateway that supports many currencies.
- Payment gateway terms and conditions on the services it accepts for sale.
- Verify the available payment methods, cards, wallets, etc.
- Verify whether the payment gateway requests that customers put out a tonne of unnecessary information.
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