PAYMENT GATEWAY INDIA
Definition, Reason, Working of online payment gateways, ecommerce . FAQs - Computers for students, sending payments to India via Internet.
Payment Gateway is online business system which enables a website to accept credit cards.
Why are payment gateways used ?
The use of credit cards has seen an increase in recent months. Businesses
offering their products or services for sale on the internet cannot be limited
to 'cash on delivery' methods. As the internet draws customers from all parts of
the world, a system which enables credit card payments makes it possible for a
website to cater to international clients.
How do payment gateways work ?
Payment Processing services provide a secure interface for customers to enter
their credit card details online. Once entered, the numbers are checked for
discrepancies to prevent fraudulent misuse. Bank databases are queried to
approve the transaction. Upon approval, the merchant gets the money debited to
his account. This multi-layered approach to security has also contributed to
customer confidence in using credit cards online.
Payment Gateways to India :
For providing these services, most Payments Gateways charge a small commission
off the actual price.
The layout and design of the transaction page is seamlessly integrated with the
main website. Payment gateway systems can be seen in use on sites such as
rediff.com or bazee.com.
In India, the most widely used Indian payment gateway provider is Transecute.com. Having been in the business of providing payment gateway to Indian web sites for more than 4 years now, they are widely acclaimed as the forerunners of e-commerce, both B2B and B2C.
Based in Mumbai, Transecute is the only Payment Gateway in India to offer advanced Heuristic Fraud Detection, Risk Management modules, and the only Payment Gateway solution worldwide to allow anytime withdrawal.
For more details & comparisons with other Indian payment gateways please visit http://www.transecute.com/merchants/compare-sheet/
Transecute.com is also the sponsor of Indianchild.com, India's most visited children's web site !
June, 2003.
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