The payment gateway, a very frequently talked about term in business transactions around the world today, is all about an ingenious service system to both authorize and process credit cards, debit cards and PayPal payments benefiting hundreds of thousands of online merchants as well as traditional businesses everyday.
The process involves encryption of sensitive data related to such transactions and routing them between the payment portal and the bank front-end processor, allowing transactions to take place within a highly smooth and secured environment. PayPal, Worldpay, securepay, Stipe, Square, mindtree, 2Checkout.com are among the leading payment gateways.
In order to complete a transaction the payment gateway needs to take a number of steps in a definite sequence after it receives a customer request via an online facility.
Encryption of data is the first major step taken. The web browser instantaneously encrypts the received data for onward transmission to the vendor's web server. In the following step the gateway sends the transaction data to the payment processor that is used by the vendor's acquiring bank. The payment processor then sends the transaction data to the card company, whose card is used by the customer, for authorization. The issuer bank, on verifying the request for authorization, either upholds or rejects the request in the form of approval or denial respectively.
The payment processor transmits an authorization in respect of the vendor and the customer to the payment gateway. which, on receipt of the response sends it onto the website enabling the payment to be processed. After due interpretation a matching response is created on the basis of which the vendor executes the customer order. The whole chain of actions happen sequentially in such a smooth, seamless and efficient manner, that the process of payment is normally wound up in the matter of seconds to the convenience of the customer and the vendor alike.
Because an eCommerce business works and thrives on the system of online payment module, it is imperative for the business to be able to offer its customers the option to pay online. While it may sound theoretically alright to have a payment gateway of repute for the purpose, in reality however it may not always be sufficient to impress all intending buyers with a single payment gateway system. This results in a sizeable number of intending buyers walking off empty-handed, depriving the business of potential inflow of revenue.
Against the backdrop of the demand for online payment processing systems growing at an exponential rate worldwide, iTechScripts, a popular name in the field of e-solutions, has positioned itself as a prominent player too. Ez PayPal Clone, a versatile state-of-the-art payment processing system developed by iTechScripts, takes care to incorporate the very latest ideas and techniques to find answers to practically every conceivable problem encountered by an online business entity in the matter of online payment processing.
Equipped with Ez PayPal Clone any business entity, that would like to model its online payment system on the lines of Paypal or alikes, is sure to find a robust, highly efficient and cost effective solution packed with features to power its payment gateway initiatives.
Operating from a Ez PayPal Clone platform you acquire the capability to start a payment processing site of your own. With the advantage of having your own payment gateway website, you are always at liberty to exploit the full potential of viral marketing process, without having to pay every time for the service. Thus you can reach out to huge number of potential customers within a short span of time and create a strong customer base.
Our versatile Ez PayPal Clone system is now available at an unbelievably low price. Looking at the array of features packed into this versatile system, you are sure to find it not only economical but also highly delightful and motivating to work with. Users of the system will find it easy and convenient to pay for goods, services and auctions.
While developing a seamless dependable system like Ez PayPal Clone, total security of the transaction data is essentially a prime concern to deal with. Our much-admired development team has addressed such security concerns with remarkable level of expertise, making it an SSL supporting highly secured system.
Riding on the versatility of our popular Ez PayPal Clone system, it takes you merely a domain name of your liking and a suitable hosting platform to become the proud owner of a fully functionable efficient payment gateway. The system equips you with endless possibilities like transfer of money from one member account to the others', obtaining virtual credits for the purpose of transacting with other members' sites, paying for auctions, purchase of various other products and many more.
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.