Best Ecommerce Payment Gateway Types: An Integration Guide

by Sahil Verma SIFIPAY

Ecommerce online payment gateway is used to manage payment transaction services over a secure gateway to make a payment for client orders.

Ecommerce payment gateways utilize integration services to link payment gateways of various sorts based on your specific needs to facilitate payment between service providers and e-commerce stores.

Ecommerce Payment Gateways Integration Method

Payment gateways may be integrated into your e-commerce shop either internally or externally. Payment gateways are categorized into several categories based on how they are connected.

Let's take a look at each of these integration options to see which one is best for your company and which are the best payment gateway India providers utilized by a significant number of online customers.

1. Hosted payment gateways

To complete payment services, hosted gateways rely on third-party services such as Payment Services Provider (PSP).

Customers will be taken away from your website to finish the payment process using a hosted e-commerce payment gateway, and you will have no control over the client throughout the payment process.

·         When a user attempts to make a payment, they are routed to the PSP page.

·         The user next enters his or her payment information, such as credit card, e-wallet, or bank account information.

·         Payment is conducted securely through the service providers page once credit information has been confirmed.

·         After completing a successful payment, the consumer is routed to your e-commerce website.

Payment information from the e-commerce website is gathered via an inline frame and hosted by the PSP, so when a consumer fills out the form, the PSP collects the information. This sort of connection is simple to set up and may be tailored to the needs of the customer.

2. Self-hosted payment gateways

The payment service is provided in a self-hosted manner without the use of any third-party services. Instead of using third-party services, client information such as credit card numbers and other payment information is gathered directly by the e-commerce business owner. Then that details are forwarded to the payment gateway URL.

This type of e-commerce online payment gateway integration, allows the e-commerce store to debit the payment from the customer. After a client makes a payment, a notice is delivered to both the customer and the owner of the e-commerce website.

Customer information must be kept secure when being sent from the e-commerce website to the payment gateway URL. As a result, a specific format or secret code is utilized to convey the client's information.

Because they exclusively deal with e-commerce websites, self-hosted services give an excellent customer experience, and clients do not move away from your website.

The main issue here is that the website owner must assume full responsibility for security and maintain a technical support team, which may be expensive at times.

3. API/Non-hosted payment gateways

Non-hosted gateways make use of API or HTTP query services. The checkout procedure is handled by the e-commerce website, which also controls the transaction during the payment process.

Customers' payment information, such as credit/debit card numbers, is immediately put into the website owner's checkout page. The information is then processed utilizing APIs/HTTP queries to make the payment.

All of the clients' payment information is saved on the e-commerce website and may be accessed directly by the APIs throughout the payment process.

Customers are notified after payment has been received. Because it can be used with any device, such as a cell phone or a tablet, this approach is appropriate for all sorts of e-commerce platforms.

Ecommerce website owners can use this approach to gain access to their clients' payment page interface and create their own user experience for the payment transaction.

4. Local bank integration/Direct Payment Gateway

Allowing payment through local banks is a simple payment gateway technique. Customers are sent straight to the bank's website to make a payment.

The consumer makes a payment to the payment gateway website using their payment credentials and identification. They are routed to the e-commerce website after making the payment.

Only after successful payment is a message issued, and any cancellation or refunding must be handled directly by the merchant's website to the client. During the payment, however, there will be a continual updating procedure.

This is ideal for small-scale businesses because it simply requires a basic payment method. Furthermore, the e-commerce owner may simply handle this approach.

5. Custom payment gateways

It might be tough to locate an integrated e-commerce online payment gateway that meets all of your needs.

You may not be happy with the style or theme they give, or it may be too expensive to be reasonable, or it may not support all of the currency types in which your client wants to pay.

As a result, it is important to build your e-commerce payment gateway to match all of your specific requirements. The main advantage of having a bespoke payment gateway is that you do not have to rely on third-party payment processors to get your consumers to pay.

It also enables you to have a high level of security over transactions and any additional features that your company requires. Amazon, for example, has its payment processing and wallet system known as Amazon Pay.

Choose the best e-commerce payment gateway

Ecommerce payment gateways are not restricted to the techniques listed above. Furthermore, as previously indicated, the gateway providers are adaptable to your specific requirements. Purchase commerce provides a customized service for integrating any type of e-commerce payment gateway and connecting prominent third-party gateway providers in its next-generation e-commerce platform.

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About Sahil Verma Advanced   SIFIPAY

16 connections, 0 recommendations, 164 honor points.
Joined APSense since, August 27th, 2021, From Ghaziabad, India.

Created on Nov 26th 2021 23:55. Viewed 287 times.


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