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Payment Integration and its types

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Payment Integration and its types

  • February 8, 2022
  • Android Mobile App, Creative, E Commerce, General, IOS Mobile App, Insights, Mobile App, Payment Gateway, Software, Tech, Technology, Web Development, World, التجارة الحلولية, تصميم المواقع, تطبيق آندرويد, تطبيق الموبايل, تطبيق ايفون, شركة برمجة

A payment gateway is an eCommerce service that’s used to authorize and process credit card and debit payments for online businesses and brick-and-mortar stores. Today, many businesses have moved away from more traditional payment methods (such as direct bank transfer) to payment gateways because they enable instant payment, credibility for merchants, and security, among other benefits.

 

Hosted payment gateways direct your customer away from your site’s checkout page. When the customer clicks the gateway link, they are redirected to the Payment Service Provider (PSP) page. Here, the customer fills in his or her payment details, and after paying, is redirected back to your website to complete the checkout process. The most well-known example of a hosted payment gateway is PayPal.

 

With this type of gateway, payment details are collected from the customer within the merchant’s website. After the details are requested, the collected data is sent to the payment gateway’s URL. Some gateways require the payment data be provided in a specific format, whereas others require a hash key or secret key. QuickBooks Commerce’s B2B Payments and Shopify Payments are examples of self-hosted payment gateways, and both are powered by Stripe.

 

With API hosted payment gateways, customers enter their credit or debit card information directly on the merchant’s checkout page and payments are processed using an API (Application Programming Interface) or HTTPS queries.

 

Local bank integration gateways redirect the customer to the payment gateway’s website (the bank’s website) where they enter their payment details and contact details. After making the payment, the customer is redirected back to the merchant website, with payment notification data sent upon redirection.

 

A payment gateway is essentially a bridge or connection pathway between your customers and the relevant financial institution. Gateways are a link between the merchant’s website and a payment provider or banking network. Essentially, they act as a “wire” that connects your site to a payment provider and allows secure payment data to flow back and forth. So, to sum up there are different types of payment gateways, which come with different features. Those gateways can be set up with different types of integrations, with different levels of development work required.

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