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Backbone of secure and efficient online transactions
- In conclusion, a robust payment gateway process flow diagram is the backbone of secure and efficient online transactions. Businesses and consumers alike benefit from understanding the intricacies involved, fostering trust and reliability in the digital payment ecosystem.
blog.cricpayz.io/payment-gateway/payment-gateway-process-flow-diagram/
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Why is a payment gateway process flow diagram important?
What is a payment gateway?
Why should you choose a payment gateway?
What is a payment gateway architecture?
Sep 1, 2023 · With digitization taking place worldwide and the initiations of cashless transactions, Payment Gateway has a crucial role. An e-commerce application service provider provides it. In general, a payment gateway is a merchant service and an interface used to collect consumer payment information.
Dec 9, 2023 · Benefits of a Well-Defined Payment Gateway Process Flow. Enhanced Security. Highlighting how a structured payment gateway process minimizes the risk of fraud and data breaches. Improved User Experience. Exploring the correlation between a seamless payment process and increased customer satisfaction. Global Transaction Compatibility.
Since the payment gateway initiates the payment, it’s the first step of the transaction flow. Below is the payment flow (in simple terms): When a customer makes a purchase, the business sends the customer's payment information to the payment gateway.
- Hosted Payment Page
- Server-To-Server Integration
- Client-Side Encryption
- Platform Integration
- Virtual Terminal
This integrationis suitable for SMEs looking to decrease their PCI DSS requirements and development work. This integration allows the payment page of your online store to be hosted on our secure server, with the option to customise its look and feel.
If you want full control over the transaction flow and website design, our server-to-server integrationis your go-to option. In effect, the customer completes the payment on your website, so the customer journey is uninterrupted and native to your website. This is possible through a direct connection between your server and our payment gateway via ...
Also referred to as “encryption at source”, this integration method involves embedding our client-side encryptionlibrary on your payment page. After the customer completes their payment, this information is securely processed and authenticated via our payment gateway. This option is suitable for merchants looking to manage the design of their payme...
Another option is platform integrations via plugins and modules, which offer merchants a way to connect to a payment gateway and easily accept payments using their eCommerce platform. emerchantpay’s payment gateway can be integrated with leading platforms like WooCommerce and Umbraco, among others.
Our payment gateway also gives you access to our virtual terminal, allowing you to provide payment options like Pay by Link transactions and Mail Order or Telephone Order(MOTO). Pay by Link allows merchants to securely and easily accept payments without a storefront by sending customers a payment link via email or SMS, with a pre-defined transactio...
Nov 15, 2016 · A payment gateway facilitates a payment transaction by the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the front end processor or an acquiring bank. In simple steps, a payment gateway: Captures the credit card transaction. Encrypts the transaction information.
Oct 14, 2022 · A payment gateway is a transit station between a customer placing an order and the issuing bank receiving money. The key factors to consider for payment system architecture include. The main perk payment gateway has is a seamless transaction.
What is a Payment Gateway Architecture? A payment gateway architecture is a payment design that allows you to collect customer payments using various payment methods. That’s how simple (and how complicated) it is.
