Understanding Online Payment Gateway - PowerPoint PPT Presentation

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Understanding Online Payment Gateway

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Online payment gateways acts as a platform for monetary transaction between website, consumer and bank. Information about the anatomy of online payment has been briefed over here. For more information on online payment gateway, visit: – PowerPoint PPT presentation

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Title: Understanding Online Payment Gateway


1
Understanding Online Payment Gateways
  • Presented By

Rutuparna
2
Online Payment Gateway An Overview
Online Payment for any purchase that is made over
the net makes things simpler and saves time.
3
Online Payment Gateway An Overview
Online Payment Gateway is an application service
provider that facilitates online transactions
through Credit Card, Debit Card or Internet
Banking.
4
Anatomy Of Online Payment
  • For making payment online, we need
  • A Merchant Account
  • An Account with the Service Provider
  • A button such as Buy, Join on the webpage so as
    to initiate the transaction.

5
Anatomy Of Online Payment
The visitor clicks on buy button and then fills
credit card information, on clicking the pay
button, a transaction request is made.
6
Anatomy Of Online Payment
The transaction request is transmitted to the
payment gateway in encrypted form. The payment
gateway then confirms about purchasers details
using payment processor.
7
Anatomy Of Online Payment
If the credentials are correct and funds are
available in then transfer of money between bank
and merchant account is initiated. The
transaction status is sent to the user after
transaction is completed.
8
Conclusion
Including online payment in the website , makes
it easier for buyer to purchase products/services
without having to make extra effort to make
payment.
Online Payment Gateways provide with a platform
to carry out online transactions securely.
9
Thank You
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