New to E commerce world? You have to create an Attractive and user-friendly website with all the required information related to your products and services. Apart from this, you also need to provide safe and secure payment methods to your customers ( Ecommerce payment options) by implementing payment gateways. In this informative post, we will provide answers to some frequently asked questions about best payment gateway in India.
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How does the payment gateway work?
In e-commerce business, payment gateway helps in accepting payment online through the customers. It is the encrypted transaction data that is sent from the e-commerce website to the payment gateway provider. Every single transaction is protected by industry specific and secure technology, then sent to your bank quickly after which you will receive an authorized or declined notification that is transmitted from your bank via the payment gateway and later onwards to your business site.
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What types of payment methods do they support?
A payment gateway let's your business accept both domestic and international cards like Visa Mastercard and EFT Payments.
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Is an internet merchant account required?
You may or may not have to apply for an online merchant account depending on the type of payment gateway you need for your business. You can browse the internet and look for payment products to find out which products need you to open an online merchant account.
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How to apply for an Ecommerce internet merchant account?
Whatever information you need in this regard, you must ask for your bank because each bank has their own merchant account criteria. Also, they will provide you required information.
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What are 3D secure transaction methods?
With this security standard implemented by MasterCard Visa, one can provide a customer transaction platform that is more secure in comparison to the standard transaction methods. You can create a trust chain throughout your customer's online transactions and enable liability shifting in terms of Ecommerce fraud from merchant to the issuer. Both the merchant and credit or debit card holder have to apply for enrollment so that 3D secure can be activated.
To encourage customers to buy your products and services, you have to provide safe and secure payment options. The best payment gateway in India will let you add value to your online business by providing a safe and secure platform to your customers and different payment choices that suit their needs. payment gateway in India
