Online Payment Gateway Services is an e-commerce service where customers can use credit cards or any other types of internet transactions while buying products from e-commerce websites.It is a key factor in online business because :-
1)Guarantees proper selling and buying of products.
2)Business becomes trustworthy.
3)Secure and safe.
What is e-commerce?
A-) By e-commerce we mean electronic commerce.Here we have business transactions via online processes.The customers can easily select items and make payment online in an e-commerce website.It is available 24 x 7 days.The vast variety of items can be viewed in an instant.So e-commerce is popular these days for following reasons :-
3)At any time and from anywhere.
5)The product reaches customers in right time.
What are the factors to be kept in mind to use online payment gateways?
1.There is a sign up process so that users always login and logout.
2.Users agree to all terms and conditions.
3.During the process of using online payment gateway there is no unnecessary filling of fields or forms
4.More choices are available like debit card,credit card,PayPal etc.
List of best online payment gateways:-
This online payment gateway was developed in the year 1996. Authorize.Net has high demand because of the satisfactory services it provides.Besides end users,the technical persons also prefer this mode.The amount charged for set-up is $49 and per month users need to pay $29.
2. Paypal Online Payment gateway:-
PayPal was finally released in the market in 1999. It is available free of cost irrespective of any fees to buyers.There is only a small amount charged in case of credit cards. Nearly 3.5 lakhs e-commerce sites use PayPal payment mode.
This was started in 1997. The remarkable services provided are online shopping cart, electronic check services and accepting mobile payments. The amount is charged in case of credit cards and $400 if a user closes up the account before expiry.
2Checkout.com was established in 1999. It offer services to nearly 200 countries.The biggest advantage is that very little amount is required to be paid per transaction that occurred.Also there is no other charges by any means.
5. First Data Corporation:-
This is one of the oldest and traditional online payment procedure for users all across the world. It is known for high quality and very low transaction charges.
6. BluePay Processing LLC :-
The BluePay Processing began in 2002. It deals with credit card and e-checks. It is managed by keeping in mind the data security factor.There is a monthly fees of $15.
This is one of the latest and modern payment gateway.It even supports mobile devices like i-Phones and i-Pads.The users can pay for many offers starting with $34.95/month.It is most suited for small scale and medium scale internet businesses.
8. Fastcharge.com online payment gateway:-
When there is a transaction of large sum of money , Fastcharge.com is the first choice.The year of release is 2003.It is attached to nearly 5.5 k online shopping portals.It is limited to only credit card usage.The time required to complete the payment process is fast.The fees is very minute of just $10/month.
9. Paynova :-
The service is operated from Sweden.There are 21 payment categories.Used for small size selling amount of products.
Square Inc. is a mobile payment company.It supports exclusively hardware and software products of Apple like Square Reader for card swiping and Square Register Apps for entering inventory details and much more whenever transaction occurs or at the point of sales.