Payment Gateways are online credit card validation and processing system that allows
vendors to sell their products and services online. Payment gateways protect credit
card details by encrypting sensitive information, such as credit card numbers, to
ensure that information is passed securely between the customer and the merchant
and also between merchant and the payment processor. Our aim is to provide Payment
Gateways at the lowest possible cost so that Small and Medium Businesses can harness
the full potential of Internet.
A Payment gateway receives, processes and relays online payment requests via the
card scheme networks to member banks around the world. If you want to accept online
payments you will need to integrate a payment gateway into your store. We offer
payment gateways with the lowest transaction rate (Rate charged per transaction
made online). We provide payment gateways at the lowest possible cost so that small
and medium business can harness the full potential of internet.
Although the process seems lengthy, average processing time is usually within a
few seconds. A payment processor gateway needs to communicate with an Internet Merchant
Account and a periodic service fee and possible per-transaction fee may be applicable
depending on which Internet Merchant Account and which Payment Processor / Gateway
combination are chosen.
Payment Gateway Fee Structure
There are three financial components of Payment Gateway.
1. Setup Fee [Usually One time fee]
2. Annual Maintenance Fee
3. Per transaction Fee