A
payment gateway is an option to buy or sell services or product through an
online financial transaction. It is a clear and systematic process which allows
the user and the service provider to execute any transaction with transparency.
For example, through a payment gateway, you can transfer funds, send invoices
and send payments.
Sales
transaction without any complicated paperwork, followed by an established and
standardized procedure which saves time and energy, is easy and validating. To
the merchant and the beneficiaries, it is an advantage which offers secure and
fast transaction worldwide. Many
companies now prefer the online sale due to avid benefits of payment gateways.
If your money travels online which provides a stable platform, then you can
even review your transactions detail sitting anywhere through an online portal
system without any hassle. This simply means that through this service, a
customer can pay you by transferring a certain amount from his credit account
to yours.
But
as it has advantage you must also understand the precaution and take measures
accordingly. First point is, choosing a service of a company that is
continually updating its security and equipped with the strong knowledge to
identify the security issues instantly and acts on it effectively. Client’s
money should be unceasing, hence risk assessment and monitor any unexpected
situation with the prompt response is imperative. Therefore, on this aspect,
check for the company's compliance with the Visa Cardholder Information
Security Program or MasterCard Site Data Protection which are two of many sites
that provide security standards for payment gateways.
The
aim of having payment gateways is to act as a bridge between customer's money
and merchants account and follow a methodological way to transact money on an
online platform.
There are many best payment gateways in India which offers the best payment gateway solution but to find the best requires lot of researches.
