Payment Gateways are an integral part of website that sells products and services because it processes the payment transaction in a real quick time.

What is a Payment Gateway?

A Payment Gateway is software that helps in  the communication of Transaction information. It is an ecommerce service that processes credit card payment transactions between the seller and the buyer. Payments Gateway is a third party service that processes, verifies, and accept or decline credit card transactions on behalf of the seller through secure Internet connections. Some of the popular payment gateways are PayPal, Google Wallet, Braintree, Stripe, and Square.

How does a Payment Gateway Work?

As we know that Payment Gateways aids the communication between banks. They Send the transaction information to Seller’s Bank and responses from Buyer’s Banks such as whether the transaction has been approved or declined. The work of payment gateways begin as soon as the customer places an order:

  • Encryption: The web browser encrypts the data to be sent between it and the seller’s server. This is done via Secure Socket Layer or SSL encryption. The gateway then sends the transaction data to the payment processor which is accessed by the Seller’s bank.

  • Requesting Authorization: After receiving the information, the payment processor sends the transaction data to the card association or buyer’s bank and when the bank sees the request, it approves or denies the transaction.

  • Receiving Response: As soon as the bank receive the request, it sends the response back to the processor (through the same process like the authorization request) with a response code. The processor then forwards the response to the payment gateway.

  • Completing Transaction: The seller submits all their approved authorizations in a batch file to his bank for settlement via its processor.

Ezydir offers Payment Gateway integration

Ezydir is an Online Local Business Directory creating software and it offers several features that are really helpful to the users and Payment Gateway integration is one among them. While creating a website we make sure that it has everything that the clients has asked for. Payment gateways are really important because it eases the payment transaction process. It is quick and responsive and most importantly it is safe and secure. None of the confidential information gets leaked through payment gateways. Ezydir offers payment gateway integration upon clients’s request.

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