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Understanding Online Payment Gateway

Online payment gateway acts as a platform for monetary transaction among website, consumer and bank. Information about the anatomy of online payment has been briefed over here. For more information on online payment gateway, visit: https://www.emvantage.com/

Rutuparna
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Understanding Online Payment Gateway

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  1. Understanding Online Payment Gateways Presented By: Rutuparna

  2. Online Payment Gateway: An Overview Online Payment for any purchase that is made over the net makes things simpler and saves time.

  3. Online Payment Gateway : An Overview Online Payment Gateway is an application service provider that facilitates online transactions through Credit Card, Debit Card or Internet Banking.

  4. Anatomy Of Online Payment • For making payment online, we need: • A Merchant Account • An Account with the Service Provider • A button such as Buy, Join on the webpage so as to initiate the transaction.

  5. Anatomy Of Online Payment The visitor clicks on buy button and then fills credit card information, on clicking the pay button, a transaction request is made.

  6. Anatomy Of Online Payment The transaction request is transmitted to the payment gateway in encrypted form. The payment gateway then confirms about purchaser’s details using payment processor.

  7. Anatomy Of Online Payment If the credentials are correct and funds are available in then transfer of money between bank and merchant account is initiated. The transaction status is sent to the user after transaction is completed.

  8. Conclusion Including online payment in the website , makes it easier for buyer to purchase products/services without having to make extra effort to make payment. Online Payment Gateways provide with a platform to carry out online transactions securely.

  9. Thank You

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