Top 5 best and safest payment gateway for your e-commerce store

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Top 5 best and safest payment gateway for your
e-commerce store
If you have decided to sell online, then you need
a way to collect money for your products and
services. So, here's an attempt to help you to
get you through the process of selecting a
suitable payment getaway for your e-commerce
website. Below is a bit of information and basic
insight about payment getaway. First of all, we
need to be clear about the terminology called
payment gateway. A Payment gateway is one of
the most useful means of authorizing credit card
or other forms of electronic payments for an
e-commerce website. These payments can be made
online via a website or at an actual brick and
mortar retail establishment. Payment gateways
protect sensitive information like credit card
numbers and other account information by
encrypting the data they transmit to merchants
and payment processors. This helps your
customers to do the easy and convenient
transaction and it is a safe and reliable option
for your e-commerce venture. BuildaBazaar
offers you numerous options for payment gateway
apps for your website. But the below mentioned
are the ones which are most preferred by our
customers.
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1. PayUMoney
These days a major lot of people or we may say,
online shoppers, have an account on PayUMoney
and they prefer to pay via it during their online
shopping process. So, PayUMoney is a convenient
and safe payment method to collect payments
online within minutes. It is an ideal choice for
startups and small businesses. And the best part
is it comes with no setup cost or annual
maintenance charge. PayUMoney allows you to
collect payment even through your savings
account. It is easy to setup. It is an
ideal choice for startups and small
businesses. It comes with no setup cost or
annual maintenance charge. The features
include, maximum payment options and easy to
setup. You don't need any technical knowledge to
set up an account on PayUMoney. You also get a
dashboard to check and track all your payments.
2. ICICI Merchant Services
Today a major number of shopping website users
have ICICI banks debit or credit card and
they prefer to make their payments through their
own banks and therefore, ICICI banks
payment gateway is preferred by them. The ICICI
merchant services accept payment over website
through MasterCard/VISA (Credit Debit card) and
RuPay Maestro Debit Card. It supports payment
through Internet banking of around 30 banks. It
has the IVR feature i.e Interactive Voice
Response. This feature enables the customer to
make payment through Credit card over the
phone without any manual intervention.
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There are also EMI options for 3,6,9 12 months
from ICICI credit card, SCB, HSBC, AXIS and
Kotak cards. The ICICI merchant services app has
the special feature of supporting payment
capturing in 26 different currencies. It enables
international card holder to make payment in
their home currency. They support around 71
currencies in Dynamic Currency Conversion.
3. PayPal
PayPal is a truly global payments platform that
is available to people in 203 markets,
allowing customers to get paid in more
than 100 currencies, withdraw funds to their bank
accounts in 57 currencies and hold balances in
their PayPal accounts in 26 currencies. PayPal
gives people better ways to connect to their
money and to each other, helping them send money
without sharing financial information and with
the flexibility to pay using their PayPal account
balances, bank accounts, PayPal Credit and
credit cards. PayPal accepts a variety of payment
types with any limitations of locations. With
the help of PayPal, you can reach out to buyers
from all over the world and get paid faster. You
can easily access your purchase history and
payment details on the go. You can link a new
credit card or debit card and easily withdraw
your funds. You can conveniently receive payment
from all your overseas buyers.
4. CC Avenue
CC Avenue is a payment gateway which is highly
preferred by the BuildaBazaar users. CC Avenue is
the complete payment gateway solution with
multiple channel payments, the state of art risk
identification system, fully responsive
transaction page and more to complement your
business. CCAvenue gives your customer multiple
payment options including 6 major credit cards,
73 debit/atm cards, 5 cash cards and more than
50 net banking. You can give your customers a
single click checkout, facilitate speedy
transactions, better customer retention and
encourage repeat purchases. With BuidaBazaars
dynamic routing you can switch transactions
dynamically depending on
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banks performance and ensure high success
rates.You can manage and run your own discounts
and promotions with our range of marketing tools.
Your customer can pay and collect payments in 27
major foreign currencies with multiple currency
processing features.
5. DirecPay
DirecPay is a secure payment gateway solution. It
provides fast check-out with multiple payment
options and offers payment alerts for each
transaction. DirecPay allows you to accept
customer payment from credit cards, debit cards,
and net banking. You dont have to do any
additional investment on security or
infrastructure for this app. You can get
automated refund processing for failed
transactions and transaction approval mechanism.
You can also receive email alerts for every
transaction you do on DirecPay.
DirecPay provides you with a complete analysis of
transactions made on your website. Merchants
also get on-demand reporting tools and detailed
access to all transactions with our Merchant
Information System. Therefore are the best and
secure payment gateway suggestions for your
e-commerce store.
Source SaaS GeeK