A payment gateway is a facility for online credit card processing, to make online payments. A payment gateway not only processes credit cards but also keeps the records of the transactions, billing and withdrawals to verified bank accounts.
These payments gateways services can be used by any individual or business and they charge a small fee for their services which varies from processor to processor. These payment gateways are integral part of ecommerce websites. With a rise in variety of payment gateways, ecommerce sites have also sprung up in a big way.
There are many payment gateways available specific to country and currency also, but the most common of these are PayPal, Money bookers, VeriSign, Google checkout, protx, firstdata, Authroize.net.
Payment gateway has many benefits for the ecommerce site owners:
1. Credit card validations in real time.
2. Payments can be received at any time.
3. Direct withdrawals to bank accounts.
4. Business available practically anytime.
5. Lesser chances of fraud in online transactions
6. All related reports of payments are maintained for future use and reference.
7. No need to keep confidential client details..
Codespur possesses the experience to integrate almost all types of payment gateways including the above mentioned ones. For your website payment gateway integration refer with us to know more.