Payment gateway is a service that the merchants, shops and sellers use to accept payments through credit or debit card from customers. The term includes not only physical card readers but also portals for payment processing that can be found in online stores.
Once the customer has placed the order online and continued with payment, they will need to provide their credit/ debit card details. Card data is securely encrypted using Secure Socket Layer (SSL) encryption, which must be sent between the browser and the merchant's web server.
For each successful transaction the payment gateway charges a transaction processing fee, called transaction discount rates or TDRs, which are charged as a percentage of the value of the transaction.
The payment gateway goes through a series of steps, from entering card details to paying into the merchant's account.
STEP 1: After the customer has placed the order online and continued with payment, they must provide their credit/ debit card details.
STEP 2: It sends card data securely between the browser and the merchant's web server with secure socket layer (SSL) encryption.
STEP 3: The payment gateway converts the XML to ISO 8583 or another message format (a format understood by EFT switches), then sends the transaction data to the payment processor used by the commercial bank.
STEP 4: The payment processor is responsible for relaying all payment requests to the card network (i.e. Visa / MasterCard / American Express).
STEP 5: The credit card issuing bank then receives an authorization request, checks the available credit or debit order, and returns the response to the processor with a recall (i.e., approved or rejected) (during the same authorization procedure). The response code is also used to communicate the cause of a transaction failure. e.g. insufficient funds, etc.
STEP 6: The processor then sends an official response to the payment gateway and the payment gateway receives the response and sends it to the merchant's customer interface on which the payment is processed. This process is called authorization or "authentication". It usually takes 2-3 seconds.
STEP 7: If the process is successful after authentication, the merchant executed the order for which the customer has paid. The customer can see the payment status on his/ her dashboard.
STEP 8: The payment gateway sends all the merchant's approvals in a "batch" (end of day) to the receiving bank for processing by their processor.
STEP 9: The receiving bank sends a bulk billing request to the credit card issuer.
STEP 10: The credit card issuer compensates the receiving bank (in most cases the next day).
STEP 11: The receiving bank then deposits the full amount of approved funds to the payment gateway and the gateway allocates the funds into the account specified by the merchant (same day or next day).
Discover the Unleashed Power of Our Revolutionary Payment Gateway Script: Propel Your Website to Extraordinary Heights of Success!
Are you prepared to embark on an extraordinary journey that will redefine the way you conduct business online? Brace yourself for a groundbreaking revelation! We are thrilled to introduce our state-of-the-art Payment Gateway Solution, representing the pinnacle of innovation and excellence in the realm of online transactions.
In a world where every click carries immense significance, we wholeheartedly recognize the crucial importance of delivering a payment experience that not only meets but surpasses the expectations of your customers. Meticulously crafted, our unparalleled Payment Gateway Script has been designed to catapult your website to unparalleled levels of triumph, where seamless transactions and delighted customers reign supreme.
Envision a world of limitless flexibility. With our exceptional script, you wield the power to shape your payment gateway in accordance with your distinctive business identity. Bid farewell to generic solutions and embrace the freedom to fashion an extraordinary payment experience that resonates with your brand, leaving an indelible mark on your customers' minds.
Security is not merely a buzzword; it is an essential aspect of any thriving online venture. Rest assured, our Payment Gateway Solution sets new standards in safeguarding your customers' invaluable data. Harnessing cutting-edge encryption protocols, robust fraud detection systems, and unwavering adherence to PCI-DSS compliance, we fortify your website's defenses, ensuring that each transaction remains impervious to malicious threats.
Yet, our pursuit of excellence did not end there - speed became our obsession. In a world where time reigns as the most precious currency, our Payment Gateway Solution becomes your golden key to lightning-fast transactions. Bid farewell to exasperatingly slow loading times and embrace a seamless, instantaneous payment experience that leaves your customers in awe.
Your ambitions know no boundaries, and your payment gateway should reflect the same sentiment. Our script transcends geographical borders, empowering your business to effortlessly conquer international markets. Supporting multiple currencies and an array of global payment methods, you can unlock new revenue streams and captivate a diverse audience that spans across continents.
We believe in empowering developers, the true architects of digital innovation. Hence, our Payment Gateway Solution offers a developer-friendly environment, complete with comprehensive documentation, an intuitive API, and a seamless integration process. Unleash your team's creativity, unlock boundless possibilities, and sculpt your payment gateway to perfection.
Moreover, when challenges arise, we stand by your side. Our exceptional support team is dedicated to your success, always ready to provide prompt responses, expert guidance, and tailored solutions to any obstacles you may encounter. We are not merely a provider; we are your trusted partner, committed to ensuring that your journey with our Payment Gateway Solution is as seamless as possible.
Do not allow your website to settle for anything less than extraordinary. Embrace this revolution, join the ranks of trailblazing businesses that have embraced our Payment Gateway Solution, and witness a meteoric rise in customer satisfaction and revenue generation.
Now is your moment - seize it with unwavering determination. Unlock the untapped potential of your website and embark on an exhilarating adventure toward unprecedented success. Waste no time! Get in touch with us today and unlock the boundless possibilities of our extraordinary Payment Gateway Solution. Together, let us reshape the future of online payments!
Also, check Pro Edition .
We're excited that you're interested in our services. To ensure you have an unforgettable experience, we urge you to check out our demo links before making a decision. These links are your backstage pass to exploring our features and functionalities firsthand. While our feature list and project descriptions give an overview, we're always innovating, so some features may change.
By clicking the demo links, you'll experience the latest version of our services, test cutting-edge features, and see how we can meet your needs. It's like test-driving your dream car before purchase! This ensures you make an informed decision with confidence.
So, dive into the future of technology with us! We look forward to seeing you on the other side, armed with the knowledge for the right choice. Thank you for considering iTechScripts; we're thrilled to serve you!
Are you tired of cookie-cutter websites that all look the same? Want to create a website like your favorite one, but worried about legal issues? Look no further! Our team of skilled professionals can help you create a unique website with features similar to your favorite one, without any copyright infringement. With our innovative approach, your website will be one-of-a-kind and sure to stand out. Don't settle for mediocrity, let us help you create the website of your dreams. Contact us today!
Once you try the demo we know you’ll love it. Please contact our support team for an enhanced, fully customized version, tailor-made to your requirements. Do you know how it works?
https://payment-gateway.itechscripts.com
We are super excited to share the features included in the latest release. Once you try the demo we know you'll love it. There will be even more features available in the future.
Yes, of course.
Yes, fully editable.
Yes. We provide a fully editable PHP source. You can edit the design files.
No. Only one-time payment.
You can edit the source files to add features. We offer custom development services at nominal rates.
Yes. We offer free installation assistance, except on local or unmanaged servers.
No such facility is currently available.
Fully whitelabel solution. No backlink is required.
Place your order only after being satisfied and convinced of the quality. The payment is not refundable.
Tested with thousands of concurrent users. It depends on your server.