A Payment Gateway is an ECommerce application service provider that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment Gateway protects credit cards details encrypting sensitive information, such as credit card numbers, to ensure that information pass securely between the customer and the merchant and also between merchant and payment processor.
Payment Gateway refers to an ECommerce service that deals with on-line money transactions, which should be carried safely and efficiently. Payment Gateway presents credit card processing, billing, reporting, settlement and operational services to acquiring and issuing banks. Also supervises the process of transferring authorized and captured credit card funds between different parties. The funds are then deposited into your bank account. Some payment gateways also include a virtual terminal This allows merchants to use an optional way of receiving online payments. Using the payment gateway virtual terminal, the merchant can key in transaction data.
Some payment gateways include an automatic recurring billing option, so merchants can submit recurring payment information. Once the transaction is submitted, the payment can be repeated based on a selected schedule. Transactions that where submitted using the automatic recurring billing option can be repeated on a monthly, tri monthly, semi annual and annual basis.
Hiring Payment Gateway developer is the best option out there in the market these days if you wish to grow your business without really expanding and spending on infrastructure and hiring on roll employees.
Hire Payment Gateway developer can build powerful and reliable Payment Gateway applications including websites and portals to boost your esteemed online business in today’s competitive online business environment.
Payment Gateway development team can develop dynamic and interactive website for your online business according to your requirements. They are masters in developing web portals, content management system (CMS), collaborative networking systems, shopping carts, API Integration and numerous web applications.
Hire Payment Gateway developer creates professional application architecture and develops websites which are fully optimized, efficient and scalable.
Payment Gateway developers are experts in improving the volume or quality of traffic to websites from Search Engine.