How Enhanced Security Of Payment Gateways Help Boost E-commerce

Payment gateways play the most important role in an ecommerce website development because it is through them that the actual sale transaction takes place. ecommerce website must provide different online electronic payment options such as credit and debit cards and thus require services of a Payment Gateway to facilitate the online payment transactions.

A Payment Gateway is an online payment service which connects the ecommerce website and the payer bank. It is a secure internet interface which transmits the credit/debit card information to payment processor and sends back the status (approval or rejection) to the website and completes the online transaction.

In an online purchase on an ecommerce website, customer’s financial information is transmitted over internet. It is imperative for ecommerce website development company  to secure the transfer of data. Payment gateways store and transfer customer’s credit card information securely using SSL, a security protocol that encrypts data before transferring. Some reputed gateways meet PCI i.e. Payment Card Industry compliance standards or use a trusted source to meet compliance standards.

A secured payment gateway helps online ecommerce website to increases the confidence and satisfaction level of an end user that may result in users coming back to website to do repeated transactions. Payment gateways are evolving in fraud detection and prevention which targets at handling credit card fraud by including customized filters to match their business needs.

ESS helps clients to select an online payment gateway solution that suits e-commerce website design.

Depending on credit card history, business type, chargeback volumes, and processing volumes, some of the most popular payment gateways trusted by customers, businesses and banks are Paypal, Google Checkout, Cyber Source etc. PayPal is one of most famous and trusted global payment gateway system which accepts all major credit and debit cards as well as electronic bank transfers, enabling users to make fast and secure payments. Google Checkout is another widely recognized, secure and convenient way for online transactions with a debit or credit card, using Google account credentials. Cyber Source offers reliable, easy-to-implement system along with lots of useful merchant resources and a seamless integration with E-commerce systems.

Looking to increase your sales

Let us help you develop an ecommerce website. Please get in touch with our Software Development team at marketing@ebizframe.com.