{"id":23710,"date":"2013-05-14T11:53:33","date_gmt":"2013-05-14T06:23:33","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=23710"},"modified":"2024-04-12T14:17:27","modified_gmt":"2024-04-12T08:47:27","slug":"payment-gateway","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/payment-gateway\/","title":{"rendered":"Payment Gateway"},"content":{"rendered":"

Certify and Increase Opportunity.<\/span>
\nBe <\/span>
\nGovt. Certified E-Commerce Professional
\n<\/span><\/a><\/p>\n

Payment Gateway<\/p>\n

It is e-commerce service which authorizes credit or debit card payments for e-payments from online retailers or offline shops. It is similar to a point of sale terminal as in shops where payment is made. They protect financial credentials of consumers by encrypting sensitive credit or debit card information, for secured information passage between the customer and the merchant and also between merchant and the payment processor. Auhorize.Net, CyberSource, and VeriSign are companies offering payment gateways and in India PayU, CCAVenue are popular payment gateways for e-commerce websites.<\/p>\n

It is usually a third-party service that is actually a system of computer processes that process, verify, and accept or decline credit card transactions on behalf of the merchant through secure Internet connections. It facilitates the co-ordination of communicating a payment transaction between various backend payment networks or banks. This enables the real-time online processing of credit cards or other payment types.\u00a0 The payment gateway responds instantly to requests by either authorizing or declining the transaction.<\/p>\n

Some basic considerations for choosing a payment gateway solution are<\/p>\n