e-commerce merchants and e-commerce payment gateways
by sani pilani POS Machine, Payment GatewayE-commerce is an abbreviation for
electronic commerce and refers to any commercial activity that includes the
buying and selling of goods and services or the transmitting of funds or data,
over an electronic network, primarily the internet. And like all business, here
too there are two parties involved, “the seller” and “the buyer”. The seller
here, is referred to an e-commerce merchant.
Where there is business, there is obviously money involved, and
then enters e-commerce payment gateway in the picture. There are many
e-commerce payment gateways available
and to name a few, I would like to mention PaypPal, PayUmoney, Atom
Technologies, 2Checkout, RazorPay and many more as such.
e-commerce merchants
An
E-commerce merchant is someone who sells exclusively over the Internet. A
merchant will sell their goods to the customer for a profit, and by law, will
have a duty of care to the customer due to the knowledge of the products he has
for sale.
A
payment gateway is an ecommerce service that processes card payments for online
and traditional brick and mortar stores. Payment gateways facilitate
transactions by transferring key information between payment portals and the
front-end processor/bank.
In short, a payment gateway is an e-commerce service that allows
merchants to accept credit card and other forms of Internet transactions
securely via one’s website.
Payment gateways
play a crucial role in the ecommerce transaction process, authorizing the
payment between merchant and customer. For a seamless transaction you can refer
to a few popular payment gateways like; PaypPal, PayUmoney, Atom Technologies,
2Checkout, RazorPay and many more as such.
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Created on Jul 11th 2019 02:08. Viewed 546 times.