Understanding Online Payment Gateways

Information about Understanding Online Payment Gateways

Published on July 23, 2014

Author: RutuparnaM

Source: authorstream.com

Content

Understanding Online Payment Gateways: Understanding Online Payment Gateways Presented By: Rutuparna PowerPoint Presentation: Online Payment Gateway: An Overview Online Payment for any purchase that is made over the net makes things simpler and saves time. PowerPoint Presentation: Online Payment Gateway : An Overview Online Payment Gateway is an application service provider that facilitates online transactions through Credit Card, Debit Card or Internet Banking. PowerPoint Presentation: Anatomy Of Online Payment For making payment online, we need: A Merchant Account An Account with the Service Provider A button such as Buy, Join on the webpage so as to initiate the transaction. PowerPoint Presentation: Anatomy Of Online Payment The visitor clicks on buy button and then fills credit card information, on clicking the pay button, a transaction request is made. PowerPoint Presentation: Anatomy Of Online Payment The transaction request is transmitted to the payment gateway in encrypted form. The payment gateway then confirms about purchaser’s details using payment processor. PowerPoint Presentation: Anatomy Of Online Payment If the credentials are correct and funds are available in then transfer of money between bank and merchant account is initiated. The transaction status is sent to the user after transaction is completed. PowerPoint Presentation: Conclusion Including online payment in the website , makes it easier for buyer to p urchase products/services without having to make extra effort to make payment. Online Payment Gateways provide with a platform to carry out online transactions securely. PowerPoint Presentation: Thank You

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