Do payment gateways make online purchases easy for customers? If you have made your presence online and are dealing with online buyers, then you must deploy a payment gateway to boost your revenues. You need to figure out how to integrate a payment gateway into your website.
The payment gateway integration can become quite an easy task if you have access to the right tools. To broaden your understanding regarding payment gateway integration, beneath we have provided complete details about the same.
All About Payment Gateway?
Today in the digital world, the majority of online businesses use payment gateway for managing and authorizing digital customer payments. These payment gateways accept debit or credit cards, digital wallets or electronic bank transfers for complete buyers’ transactions. It’s similar to a physical card-reading device and is used to make transactions. Payment gateways are fast services that safely evaluate, approve/ reject electronic transactions on behalf of the online business.
Key USPs of Payment Gateway
- Payment gateway protects sensitive payment data, ensures safe transmission and lowers the risk of eCommerce fraud.
- It ensures smooth payment processing.
- Online businesses can provide multiple payment options to their customers such as credit cards, digital wallets, and UPI.
- Integrating a payment gateway to the website or blog is possible.
How a Payment Gateway Works?
Before beginning with the payment gateway integration process, the readers must know about its working.
- Step 1: A customer places an order and keeps it in the shopping cart for purchase.
- Step 2: The customer’s web browser encrypts customers’ payment details using secure socket layer (SSL) technology.
- Step 3: The merchant’s website sends this information to a payment gateway, also encrypted with SSL.
- Step 4: The payment gateway works with a payment processor and forwards the details provided by the online shoppers to a credit card company or bank, where the request is verified.
- Step 5: The payment request comes back to the payment processor and to the gateway.
- Step 6: After that the transaction is approved, and the funds are cleared via the financial institution.
Payment Gateway Integration: Detailed Steps
The steps to follow before integrating the shortlisted payment gateway into the existing website is explained below:
- Select a Payment Gateway
Selection of a payment gateway that aligns with your business needs is the most crucial step. Businesses must carefully evaluate all the factors such as transaction fees, modes of payments accepted, safety measures, and compatibility, among many more. While choosing the most suitable payment gateway. Some of the most widely supported gateways include PayPal, Payza, Perfect Money, Egopay, Verify, etc.
- Set up a Merchant Account
Based on the payment gateway, you have to create a merchant account as well. This allows businesses to receive payments from their customers. Many payment gateway providers offer comprehensive payment support with a seamless setup.
- Obtain API Keys
API keys establish secured communication between the business’s platform and the payment gateway and let the website interact with the gateway’s server. Post setting up an account, obtain API keys which help establish a connection between an online business’s website/app with payment gateway’s services.
- Integration of Payment Gateway into your Website
This step differs based on the payment gateway and your website’s platform. For instance, some e-commerce platforms like Shopify, WooCommerce, etc. offer plugins and extensions for hassle-free integration. In other cases, businesses have to manually add code to their website to integrate the gateway.
- Testing of the Payment Gateway
Before making the payment gateway live, test its accuracy. The majority of payment gateway providers provide a testing environment to ensure that everything is working correctly.
- Go live
Post the successful testing of the payment gateway, and make it live. Now you can encourage your customers to make online purchases and pay using the payment gateway. It is highly recommended to use safe and encrypted connections meeting the industry standards.
Kodehash- A Top-Notch Payment Gateway Provider
Being the most trusted software development agency, Kodehash Technologies provides payment gateway integration services to diversified businesses. The team of experienced developers and designers at Kodehash work closely with clients to deliver tailored solutions that meet their specific needs.
Here are some of Kodehash’s USPs when it comes to payment gateway integration:
- Expertise: Kodehash is highly expert in integrating different payment gateway systems and uses advanced technologies and best practices for integration.
- Customization: Kodehash provides tailored solutions addressing the unique needs of its clients. We ensure seamless payment gateway integration.
- Security: Kodehash prioritizes security and compliance ensuring safe and secured integration complying with industry standards such as PCI-DSS.
- Testing and Quality Assurance: Our developers do thorough quality tests to ensure that the integration works smoothly, with no loopholes.
- Support: We provide continuous support and maintenance services to our clients for hassle-free transactions.
Overall, Kodehash’s payment gateway integration services are designed to assist online businesses in streamlining their payment processes and reduce the chances of payment failures while ensuring a smooth/ secure payment experience for online buyers.
So, let’s work together!