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Internet Payment Gateways by Debasish Deb, Project Manager, HP

Internet Payment Gateways

By : Debasish Deb, Project Manager, HP
Industry : IT Services Functional Area : Application Software
Keywords :

ONLINE Transaction

Web Transaction

INTERNET Payment Gateway

Activity:  2 comments  218 views  last activity : 04 03 2012 11:48:09 +0000
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Internet payment solutions are transit points that help in electronic transfer of funds from the account of one person to another. The use and importance of internet transaction is heading straight high and hence it is very important to know how the payment gateways work.

WHAT  IS INTERNET PAYMENT GATEWAY?

 

Internet payment gateway is a software program. The transactions that you make in a website to avail the services of online banking or online shopping or any other activity that involves some monetary connection is taken care by internet payment gateways. Internet payment gateways function like the credit card used to make credit purchases and withdraw cash during times of emergency. The payment gateway helps in the transfer of all relevant information regarding funds.

 

FUNCTIONALITIES

  • One of the functions is to facilitate ecommerce transactions 
  • Other is to manage risks


BENEFITS

No Technical Knowledge is Required
Time Taken to Implement is Less
Offers lot of Options

 

DRAWBACKS

Accessing Customer Information
Problem Solving takes Lot of Time
Insecurity among Customers

 

 

 

 

 

 

 

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2 comments on "Internet Payment Gateways"
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  Commented by  Manoj Kumar, Sr: Manager - QA, ARCHETYPE GROUP, INDIA    | 04 03 2012 11:48:09 +0000 
Hai Debashish and Anna,

Firstly Thanks for this information, Can any one tell me if I am planning to launch a website(As it is almost on the finishing stage) and if I want to add this system what is the procedure.

It would be greatful if u can spare some time for me to advise.

Thanks in Advance
  Commented by  Anna George, Web Analyst, NichePro Consulting LLC    | 04 03 2012 04:59:38 +0000 
Dear Debashish,

Thanks for sharing the information. But accessing the customer information is not a drawback as it does not make any adverse use of it, to make payment they need the credit card/debit card information and through re;iable payment gateways like Paypal, it is highly safe. 

Secondly, there is no insecurity feeling among customers in countries like US or UK, they do maximum transaction online and buy products online, but in India, Yes, customers have the insecure feeling, but such a unwanted worry can be removed from the customer if they are given proper counseling. 

Regards,

Anna George.

Web Analyst.

Nichepro Technologies.

Bangalore.


http://www.nichesuite.com
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