Online Payment Gateway Services in India

http://iepayments.com

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What is Payment Gateway

Terminology

Flow of Payment Process

Type of Payment Gateways

SSL and Security

Advantages and Disadvantages

Examples…

What to ask in third payment gateway parties?

Most Famous Payment Gateway

http://iepayments.com2

A payment gateway provides a secure transaction betweenyour online store and your internet merchant account.


E-commerce

Web Services

Payment Processes


Electronic Commerce, commonly known as (electronicmarketing) e-commerce or eCommerce, consists of thebuying and selling of products or services over electronicsystems such as the Internet.

A Web service supports interoperable machine-to-machine interaction over a network”.

For accessing every web service we need an API(Application ProgramInterface).

Web service is a platform independent.

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A payment process is nothing but the transaction ofmoney between the users and merchant (owner of theproduct).

In payment process we need there are 2 types ofaccounts.

Business Account (user / buyer of goods)

Merchant Account (owner / seller of goods )


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Visitor places the order on the website and it is sent to the merchant's web server inencrypted format. This is usually done via SSL (Secure Socket Layer) encryption.

The transactions details are then forwarded to the concerned Payment Gateway.

The transaction information is then passed on to the merchants acquiring bank by thePayment Gateway.

Merchants acquiring bank then forwards the transaction information to the issuing bank (onethat issued the credit card to the customer).

Then the card issuing bank sends a response back to the Payment Gateway. The response includes information that whether the payment has been approved or declined. In case of declination the reason is also sent in the response.

The response is then forwarded by the Payment Gateway to the merchant’s server.

At merchants server the response is encrypted again and is relayed back to the customer. This allows the customer to know that whether the order has been placed successfully or not.

The entire process typically takes less than 5 seconds

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Com based Gateways

◦ Requires that you install a software called a DLL provided by the gateway company on your web hosting server.

◦ Require that you have your own dedicated SSL certificate.

XML transport Gateway

◦ Do NOT require a DLL install, they use a facility already installed on most servers.

◦ Requires SSL certificate.

Form based Gateways

◦ Do Not require any extra software to be installed on your web hosting

◦ Some, but not all, require that you have your own SSL certificate.

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SSL stands for Secure Socket Layer

Payment Gateways encrypt sensitive information, such as credit card numbers, to ensure that information passes securely between the customer and the merchant.

SSL used HTTPS protocol and was originally developed by Netscape in February 1995.

SSL use 443 port instead of 80.

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Since the customer is usually required to enter personal details, the entire communication of 'Submit Order' page (i.e. customer - payment gateway) is must carried out through HTTPS protocol.

To validate the request of the payment page result, signed request is often used - which is the result of the hash function in which the parameters of an application confirmed by a «secret word», known only to the merchant and payment gateway.

To validate the request of the payment page result, sometimes IP of the requesting server has to be verified.

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Advantages

Credit card validation and processing in real time.

Helps the business to go online & be available to users worldwide 24 hours a day 7 days a week.

Less fraud (but there are many stolen credit card numbers floating around)

Money is normally deposited into your bank account automatically.

Reports and refunds normally allowed via browser by gateway company.

Disadvantage

Every gateway company charges fees. Fee can include some or all of the following:

Fixed fee per month

Percentage fee per amount spent

A fixed fee per transaction

In addition your own bank or the gateway's bank will charge a merchant fee for the privilege of allowing credit card purchases. This can range from 1-5% or more.

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How long has this company been in service?

What is the company history?

How long has their particular software package been in use?

Can you test a demo software?

How much will the setup and service bundle cost?

How much are processing costs and fees?

Dose the system needs special installation equipment?

Who are the customers that already exist and uses this system?

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http://iEPayments.comContact Us

INI Technologies Pvt Ltd31/723, Kachappilly Road

Vyttila, Cochin, KeralaIndia - 682 019

Tel : +91 484 401 3358Fax :

E-mail : [email protected] : http://initechnologies.com

http://initechnologies.com/