Weblinkindia Features

Professional Web Design india & Website Development Company India

 

 

 

Local & International : + 91 - 8860619931

Our Toll Free Contact Numbers: US/Canada : 1-877-810-7036  |  UK : 0-800-014-8419  |  Australia : 1-800-646-376

Client Testimonials

  • " The exemplary technological excellence of WeblinkIndia has etched mancam.org.uk to make every student's dream come true. It empowered students and associates with high end solutions, covering each every details for optimum ease and agility. Everything was perfectly in t... "

    Mancam Ltd

  • " Managing trips & perks for the tourists has never been so exhilarating as we have touched the highest ebbs in our endeavors. WeblinkIndia has built the most effective web solution that helped us in serving more clients and maintaining rapport with the existing clients. "

    Royal International Travel

  • " Just after having a web presence like this, our business process has seen an upsurge. Now, we our business, which was embattled earlier, is engrossing day by day and fetching us huge returns on investment. The solutions we have received for our business were really visi... "

    Kashmir Valley Arts

  • " The kind of project delivered by WeblinkIndia is exceedingly great in every aspect then be it look and feel, overall appeal, ecommerce integration, or administration of the website. A single glance of images gives real time feel that bodes well for our revenue generatio... "

    Art Effects Manufacturing Co.

  • " Right from the conception to the materialization, my each and every idea has been nourished with due care by WeblinkIndia. Now, with the new outreach I feel empowered to face any kind of upcoming challenge. Throughout the project handling, I saw not even a singly point ... "

    Geeta's Creations

View All

What is a Payment Gateway and how it works?

> Web Articles > Ecommerce Solutions TIPS > What is a Payment Gateway and how it works?

What is a Payment Gateway and how it works?

05 June, 2010 11:00 AM

    Payment Gateway is another tool of convenience invented for those who have shortage of time. It enables electronic transactions of money between customers, banks and businesses. This process is a must for all online businesses and shopping carts. Following are the features of a Payment Gateway:


    • Facilitates ecommerce operations, also it allows transactions in conventional brick and mortar businesses.
    • Encryption of private data as well as payment.
    • Carries out communique between the concerned financial institutions, the business and the customer.
    • Authorization of payments.
    • Feature to calculate the sales tax, handling costs and shipping rates is available only in some payment gateways.


    Specialized fraud detection tools can be added to a payment gateway in order to ensure safety. Many web hosting companies provide payment gateways within their packages.


    Working of a Payment Gateway:


    All the operations of Payment Gateway are carried out with the help of Internet. Many brick and mortar businesses also make use of them as they are quicker and more reliable means of payment.


    Following are the steps involved in the working of the payment gateway:

    • The customer buys a product or products through a Web site, phone order or in person.
    • The SSL (Secure Socket Layer) coding is used by the customer's browser to "scramble" the data that is being sent.
    • The information is collected by the business website and forwarded to the payment gateway.
    • The information is then sent to the bank by the Payment Gateway.
    • The request is then forwarded to the card association. If card used in the transaction is Discoverer or American Express, the association is then the same bank and if Visa Logo or MasterCard some extra steps are taken.
    • In the case of Visa Logo or MasterCard, the information related to transaction is forwarded to the concerned bank (customer's bank).
    • This bank checks whether the customer's account have sufficient balance or not.
    • An authorization code is sent by the customer's bank to the card association informing them whether the transaction should be completed or not.
    • The authorization code is then sent to the Payment Gateway.
    • Finally a code is sent to the business by the Payment Gateway. The refusal of the transaction leads to the termination of the sales deal. The approval helps forward the sale and the money is taken from the account of the customer.


    Thus Payment Gateway is a complicated process but is efficiently and swiftly carried out. Its incorporation in the business transactions has widened the scope of businesses. Also, it enables the businesses to conduct trade smoothly with clients all over the world.

To Understand Your Requirement

Let Us Call You Back

Enter Your Contact Details

Affordable Seo Packages Social Media Optimization