#integrate payment gateway

In today's digital world, the seamless integration of payment gateways is crucial for businesses aiming to provide a smooth transaction experience to their customers. Whether you're a thriving e-commerce platform, a budding startup, or a seasoned enterprise, leveraging the right Payment Gateway API is pivotal for enhancing the efficiency and security of your online transactions.

At Narola Infotech, we understand the significance of incorporating a robust and reliable payment gateway system to optimize your business operations. With our cutting-edge technology and expertise in API development, we are committed to simplifying the process of payment gateway integration, ensuring a hassle-free experience for businesses and their customers alike.

Payment Gateway API: Empowering Secure Transactions

Narola Infotech's Payment Gateway API serves as the cornerstone for secure and efficient online transactions. Our API is meticulously crafted to provide a seamless integration process, enabling businesses to process payments swiftly and securely. With an emphasis on data security and encryption, our Payment Gateway API ensures that sensitive customer information is protected at all times, fostering trust and reliability among your clientele.

Read - How to Make a Payment Gateway Software: A Step-by-Step Guide

Simplifying Payment Gateway Integration

Integrating a payment gateway into your existing platform can often seem like a daunting task. However, with Narola Infotech's expertise, this process becomes a breeze. Our team of seasoned developers works tirelessly to ensure that the integration process is seamless and tailored to your specific business needs. From initial consultation to the final deployment, we provide comprehensive support at every step, making sure that your payment gateway integration journey is smooth and hassle-free.

Types of Payment Gateway: Choosing the Right Fit

When it comes to payment gateway integration, it's essential to understand the different types of gateways available in the market. At Narola Infotech, we offer insights into the various types of payment gateways, including Hosted Payment Gateways, Self-Hosted Payment Gateways, and Local Bank Integration, enabling you to make an informed decision based on your business requirements and preferences. Our experts are adept at guiding you through the selection process, ensuring that you opt for the most suitable payment gateway for your business model.

Related blog - B2B Payment Gateway Advantages and How to Build It

Why Choose Narola Infotech?

Narola Infotech stands out as a trusted partner for businesses seeking seamless payment gateway integration. Our unparalleled expertise in API development, commitment to data security, and a customer-centric approach set us apart in the industry. With a focus on innovation and reliability, we strive to empower businesses with the tools they need to streamline their online payment processes and enhance customer satisfaction.

Conclusion

In an era where digital transactions are the norm, choosing the right Payment Gateway API and ensuring a seamless integration process is paramount for the success of your business. Narola Infotech's comprehensive approach to payment gateway integration, combined with our dedication to data security and client satisfaction, makes us the ideal partner for businesses looking to streamline their online payment processes. Let Narola Infotech be your trusted ally in embracing the future of secure and efficient digital transactions.

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Ecommerce businesses share a common top priority i.e. to safeguard their customers interests while providing them with an easy-to-use payment system. This is precisely why the vendor you choose must meet both your company's and your consumers' needs. Over 21% of customers depart websites with a lengthy checkout process, and 17% abandoned websites that are not secure.  

Therefore, integrating a payment gateway into your store will increase the security of your site while also improving the user experience. In this article, we will discuss how payment gateway integration is done in a website and how it works along with the types and costs of payment processor.

What is Payment Gateway

Similar to what the term suggests, payment gateways offer customers a convenient method to checkout with their items at ecommerce stores. During the payment process, data is encrypted to ensure security and some companies immediately add tax if they suspect fraud. Payment gateways operate in the following manner:

A customer places an order by entering their bank card information and clicking "pay now".

The customer's web browser uses a secure socket layer (SSL) to encrypt the debit/credit card information for security reasons.

Payment gateways receive information from the merchant using SSL.

Payment gateways forward the information to the relevant payment processor.

A banking card association will then receive this information sent via the payment processor.  

Any responses received will be carried forward by these processors to the payment gateway.

Using the payment gateway, both the customer and the business will receive the response and know if the transaction is approved or not.

The merchant submits all approvals to the bank card company in the batch form later.

The credit card company transmits all accepted credit card transactions to the merchant.

Keep in mind that payment gateways incorporate three primary aspects: reporting, authorisation and settlement.

Read more: The Top eCommerce Trends You'll See

Simple Ways To Integrate A Payment Gateway On Your Ecommerce Platform

Choosing a Payment Gateway

The first step would be to select a payment gateway out of the several alternatives available. The customer's bank card information is processed by sending it to the payment gateway's web server, which completes the transaction and delivers the confirmation back to the website. This is precisely why it's important for people and businesses to elect a payment gateway that meets their requirements conveniently.

Consult Your Web Host

Payment gateway services may be available from your web host or online store software supplier, which you can rapidly integrate into your suite. Visit the admin page on your ecommerce store to see if any other payment gateway options are present. You can also go through the site’s control panel for the same.

Take the Pricing Structure into Consideration  

Regardless of what sort of payment gateways you wish to incorporate, these software will generally cost you a one-time fee or a monthly subscription charge. A few payment gateways even include small fees for varied transactions in their pricing structure. Compare prices to locate the service that best suits your requirements.

Choose Between an External Gateway and a Direct Gateway

External gateways (also known as "redirects") direct your clients to a different website to complete the transaction. Direct gateways (sometimes known as "transparent") handle transactions within your store, allowing customers to remain on your site.

Apply for a merchant account  

Without possessing a merchant account, e-commerce businesses cannot receive payment transactions from people shopping on their platform. A merchant account enables you to link a payment gateway alternative and receive payment transactions simultaneously. You'll usually be charged per transaction if you have a merchant account.

Create an Account  

Post creating an account, you can then exchange information regarding payment transactions between your payment gateway and your e-commerce store accordingly.

How can Businesses Integrate a Payment Gateway on their Platform?

Setup Your e-Commerce Store

Most internet businesses will establish a webshop for their clients using third-party software. This program creates the ordering page and all of the code for sending payment information to the gateway.

Include Payment Options.

The procedure varies for each provider, but in general, you'll need to enter your payment gateway credentials for each type of payment you plan to accept (Visa, Mastercard, etc.).

Check the Gateway's Functionality

Your payment gateway service will usually supply you with Test or Sandbox accounts. These allow you to make fictitious transactions to confirm that the payment system is functioning correctly. Before you make it live, remember to check it out.

How do Payment Gateways Safeguard Sensitive Banking Information?  

A payment gateway's capacity to safely transfer funds is a critical feature. Payment gateways should ensure that merchants are always paid when a purchase is made, reducing the risk of fraud and credit risk. To secure payments, payment gateways employ some of the following measures:

Security standards (PCI-DSS)

Banking industries facilitate tons of security requirements when it comes to the usage of banking cards for expenditure. It ensures the security of payment solutions by requiring businesses to install firewalls on their internal networks, encrypt cardholder data, and prohibit cardholder data storage on discs or paper.

Encrypting Data

Payment gateways primarily utilize data encryption to protect payments. Customers' card information is encrypted using a public key, which can only decode with the private payment gateway.

Authentication

A ‘double verification’ sort of authentication mode has been quite common since the past few years where users generally receive a text on their contact number or email. You have to follow the formalities to validate yourself accordingly.  

In the next section, we will focus on the types of Payment Gateway, such as PayPal express, and the cost of payment gateway integration.

Also Read: How Much Does it Cost to Develop an eCommerce App?

Payment Gateway Types and Costs

Payment gateways are divided into two categories: hosted and non-hosted. After pressing the purchase button on a hosted payment gateway, the customer is taken to the payment service provider's page. For instance, let’s take a look at PayPal Express’s payment gateway software.  

With PayPal Express, e-commerce businesses are able to receive payments through credit cards or via the customer’s PayPal account. Customers, on checking out, are simply directed to PayPal’s official website to proceed with their payment formalities and then checkout securely. Such convenience can contribute directly to a boost in sales for e-commerce businesses.   Non-hosted payment gateways, on the other hand, require shoppers to input their banking credentials while checking out, on the e-commerce platform itself. Keeping this in mind, let’s take a look at a few popular service providers that are doing great these days:  

Non-Hosted Payment Gateways

Authorize.net

BrainTree

PayPal Pro

PayU

Hosted Payment Gateways

PayPal

Amazon Pay

Stripe

SagePay

The expense incurred by business owners to support online payment processing through the chosen payment gateway on their website or app is known as payment gateway costs or fees. It is usually calculated as a percentage of the transaction value and varies depending on the consumers' preferred payment method and the risk level involved.  

Your total revenue determines the total cost of employing a payment gateway. However, keep in mind that transaction fees range from 2.9 percent to 3.5 percent, plus an additional $0,30 for each transaction.

Bottom Line

There are numerous payment options available. When deciding how to construct a payment gateway integration for a website, there's no need to recreate the wheel. You have the option of using both hosted and non-hosted gateways and locating ready-to-integrate components for your website. If you want to be more creative and integrate payment into a website that stands out from the crowd, design your own.  

While several payment gateways will cost you a monthly usage fee, there are a few payment services for ecommerce platforms that charge users per transaction. Depending on whom you partner with, some companies can be more flexible compared to others.

As a prerequisite for running a successful online company, your website must be integrated with an online payment gateway system. This will guarantee that your site conforms to Bank or Payment Processor regulations in order to take online payments before integrating it. Even though the compliance process may take a considerable amount of time, you may speed it up by preparing for it properly.

< Photo created by rawpixel on freepik >

What can you do to help things go more smoothly?

To connect an online payment gateway on your website, you must incorporate the following information:

About us page:

Let your thoughts go wild. Your journey, your goods or solutions, your clientele, and, most importantly, how far you've come will be documented here.

Contact us:

This is a critical component of the website for the growth of the organization. Don't forget to mention all of the company's phone numbers, your official email address, and your working days and hours. Thus, your clients will have a clear understanding of your business hours and will not have unwarranted expectations.

Transparent Terms and Conditions:

It's usually a good idea to be clear about the company's terms and conditions so that consumers are aware of their rights and there's no room for confusion or misunderstandings among them. Both the seller and the buyer benefit from pre-defined terms and conditions.

Privacy Policy:

Your website's privacy statement should contain all the information a client needs to know before making a purchase. Having a written policy or agreement assures the seller that the consumer has agreed to the terms of service and no additional information or data was gathered by the vendor.

Product and Pricing details:

We'd all want to see a website with no hidden fees. Why not put what you teach into action? A competitive or psychological pricing policy is recommended for all of your items, as well as a brief explanation of the product and its price. Instead of a secret policy that gives your consumer a small heart attack every time they approach the checkout page, it's preferable to reveal updated price information in a way that encourages public discussion.

Cancellation Policy/ Refund and Return Policy:

Despite the fact that most online gamers are unaware of this regulation, it may do wonders for your business. Shipment and other fees are included in the price of the goods sold by online merchants, thus maintaining a cancelation and refund policy is beneficial to both the vendor and the customer.

Remember to include the dates and times during which a customer can cancel a booking for a product or service, as well as the method of refund payment through the best payment gateway India, in order to operate your business efficiently. Questions such as who will pay for the return, how products will be collected, and many more should be addressed.

Will it be a partial refund or a complete refund? How will refunds be initiated? Any limits or caps on a product or service dependent on the country and location are addressed when catering to foreign clients.

< Photo created by pikisuperstar on freepik >

Shipping & Delivery Policy:

In their shipping and delivery policies, online businesses are required to include the following information:

·         Is there extra shipping or handling cost on the product?

·         If so, what are the associated costs?

·         The goods or service will arrive at the customer's doorstep in how long? In addition to Overnight and Express services, there are many other options available.

·         Whether you provide worldwide shipping as part of your shipping policy.

·         Date and time of expected delivery should be specified in the message.

·         Let us know if there are any nation, geographical, or product or service-related restrictions that you must adhere to.

Disclaimer:

Any statement intended to agree or restrict the extent of rights and duties that may be exercised and enforced by parties in a legally recognized relationship must be specified in the disclaimer section of your website.

Payment gateway integration is required because when you integrate a payment gateway, then your customers will receive a payment link using which, they can make instant payments. The integration automates your payment collection process by providing secure payment

There are many payment gateway options and they are bit confusing. Before the PAYMENT GATEWAY INTEGRATION check which gateways your shopping cart software supports. Your website should have list of compatible payment gateways.

A payment gateway is an important middleman between the customers and sellers. Payment gateways cost money and charge per transactions and there are lots of them to choose from.