Payment Gateway Explained

by CecilConley

Dec 10

1. A payment gateway is software It is a computer program built particularly for online shop owners. If you plan to put up an Internet based store, and you want browsing customers to purchase items from your site and then pay online using their credit cards, then you direly need this software. With it, your customers can pay for their purchases and will know whether their credit card payments are accepted or not. 2. A payment gateway program comes bundled with a cart A shopping cart is a computer program for the exclusive use of online customers. With a shopping cart, customers can browse the many products or services displayed on your site, make the preferred selection-- color of the item, size, quantity, etc-- and then proceed to the virtual checkout counter where the shopping cart software adds up all the cost of the items chosen. It then adds the necessary shipping tax and other charges and then computes the total payment due. The shopping cart contains an online form where customers fill in with their credit card numbers and other pertinent customers' information. 3. A payment gateway encrypts the card information submitted online After the customer fills up the online form and clicks "SEND", payment gateway solutions in India encrypts the information and submits the data to the credit card processing company. The gateway then informs the customer whether his/her credit card transaction is accepted or denied with the appropriate return message. This whole process passes through a very secure connection.