Payment gateway India

(prHWY.com) February 25, 2013 - Hyderabad, India -- I2space technologies provide the payment gateway India for the business organization for the procurement of their online business requirements. A Payment gateway India is an interface that authorizes payments for ecommerce websites, internet portals and on-line stores. On-line users will create the payments for his or her purchase, through these on-line credit card payments. It is used on-line and offline additionally (as POS). Payment gateway takes measures to safeguard credit card details by encrypting info like credit card numbers, CVV etc to confirm that info is passed firmly between the client and therefore the ecommerce owner company.

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.

Once you're comfortable with Payment gateway India, you can use it for everything. From paying bills to purchasing movie tickets, you may use your credit card on-line for everything. Therefore it becomes your duty to stay to a selected on-line payment gateway. This makes positive that you simply don't offer out your credit card info to fake sites that con and cheat individuals. By having a Payment gateway India for your web site, you not solely increase your goodwill among customers however additionally prevent plenty of bother. All the payments collected from customers are directly place into your account. The payment gateways won't to charge plenty for his or her services antecedently. However currently because of the competition and market exploding, they need become quite reasonable prices now.

The vital side of the credit card payment gateway is that the protection of MasterCard info through effective encoding technologies. Credit card Payment Gateway India provides nice importance in securing users sensitive info like MasterCard numbers whereas a transaction is processed through this payment entree.
Following are the features of a Payment Gateway India:
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.

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