Payment Gateway Integration
Payments can be transferred online through the payment gateway process. A payment gateway simply transfers money from the buyer’s bank account to the seller’s bank account. It even has the ability to transfer to a third party money handler such as paypal. A payment gateway is the most essential part of any online shopping system.
Payment Gateway Advantages
- It accepts wide variety of payments such as credit card, debit card and net banking.
- Provides very safe transactions
- Order and payment processing is very fast.
- 24/7 processing
- Complete Range of Payment Types
- Transaction reports are generated very quickly
- Authorizations are made in real time
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How Payment Gateway Works?
- Buyer fills out transaction details such as name, address, credit card or debit card information.
- The website encrypts this data and transfers it securely to the Payment Gateway Server.
- The Payment gateway then contacts the buyer’s bank online and validates payment information while also ensuring that the buyer has sufficient balance.
- If the user is authenticated and if he has necessary balance in his account, the payment gateway draws the money from the buyer’s bank account and transfers it to the seller’s bank account.
- The payment gateway then sends a confirmation to the buyer (from who the transaction originated) that the transaction was successful
Popular payment gateway providers
At Asahi Technologies, we recommend the following well-proven payment gateway providers:
- PayPal
- Google Checkout
- 2Checkout
- Authorize.net
- Cyber Source
- LinkPoint
Payment Gateway Integration with Ecommerce CMS
There are plenty of open source content management systems available for ecommerce development. Because we have many years of experience with ecommerce development, we can help you identify the Payment Gateway and Content Management System suitable for your eCommerce business. Here are some of the content management systems we specialize in for ecommerce site development
- Magento
- OpenCart
- Zen Cart
- Prestashop
