Payment Gateways
Ecommerce Payment Gateways
MArticle Code: 6.5.0.0
Creation Date: 01-07-2005
Updated Date: 01-07-2005
Article Author: Automated Service Engine - Co-ordinator
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Subject
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Ecommerce Payment Gateways.
Description
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E-commerce Payment Gateways is best suited for companies who sell or serve their customers online. Keeping in view of the increasing online shopping customers, we have come up with three different plans for going online. This can be installed in any hosting account.
Cost Effective Payment Gateways
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Internet Payment Processing refers to the process of obtaining the payment details on the Internet from the customer in a secured environment, processing the data and authenticating the transaction through the acquiring bank.Our Payment Solution is fully equipped to handle the volume of transactions in a secured environment, processing and transmitting data quickly over the Internet.
The solution provides merchants with a host of distinctive advantages.
[1] Real time processing of Internet transactions.
[2] Highest level of Security for processing transactions, using 128 Bit SSL technologies.
[3] Simple & User friendly operation and management.
[4] Compatibility with almost all popular shopping carts.
[5] Multiple currency handler.
[6] Scalable to any platform.
[7] Wide coverage: Visa and Master Card.
[8] Transaction Management: Extensive, Internet enabled reporting features.
[9] Fraud Detection: In-built and powerful fraud detection features supplemented by fraud monitoring facilities.
[10] Validation & Authentication: Our payment gateway has a powerful built-in validation mechanism, which detects inconsistencies in the data provided by the user before the transaction is put through the acquiring bank.
[11] Personalized customer support : Each merchant would be allocated an Account Executive who will be interacting with the merchant for customer support.
[12] Payment Management: Our Payment Solution also provides an exhaustive payment management module. The Payment Management module is Internet enabled and the merchants can view their reports by logging on to the site. The module provides a wide range of reports on volume of transactions, status of transactions, etc. with facility for searching specific transactions by supplying one or more criteria.
[14] Fraud Detection: Our Payment Solution has a very powerful and robust fraud detection engine built-in to
detect and safeguard against all possible cyber frauds in the emerging e-business scenario. Our fraud engine is enabled to function on both Rules based Risk Management and Fraud Monitoring using Negative File Settings.
[15] Authentication: Our Payment Solution accepts data from the merchant's web site, processes it, transmits the data to the acquiring bank and confirms it back to the merchant's web site, authenticating the transaction completely. The authentication process includes:
[16] Scanning the data obtained from the merchant's web site for prima facie invalidity.
[17] Recording the data obtained from the acquiring bank for validation of future transactions.
How a Payment Gateway Works
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[a] Customer places an order on the web. Net Merchant receives the order. Payment details sent to Merchant Bank.
[b] Merchant Bank sends details to Credit Card Company
[c] Credit Card Company sends details to Issuing bank
[d] Payment Processing is completed and sent back to Merchant Bank.
[e] Merchant Bank sends back the payment details to Net Merchant
[f] Net Merchant Confirms the order to the customer.
Technical Support
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We offer world class support for its customers worldwide through
24 hrs support with our Automated Service Engine
Exhaustive, informative Help Desk
E-com Provisions
ICICI payment gateway "Pay Seal" integration
Verisign Payflow Pro 3.0
Documents Required [ For Merchants in India ]
Pre-Requisites
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If you are planning to apply for a payment gateway, please check whether you have the following documents or pre-requisites
1. Your website up and running
2. Photo Id of the CEO / MD / Proprietor
3. Current Account in a Bank for atleast 3 Months
4. Signature and Bank Account attestation by your Bank Manager
On approval of the Payment gateway, you may be required to sign an agreement in a Rs.100 Stamp paper.
Fee details
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Shared Payment Gateway - Economy
Set Up Fee Rs.7500
Per Transaction Fee 7 %
Annual Maintenance Cost Rs.1200
Shared Payment Gateway - Premium
Set Up Fee Rs.25000
Per Transaction Fee 5 %
Annual Maintenance Cost Rs.2400
ICICI - Payseal
Set Up Fee Rs.75000
Per Transaction Fee 3 to 4.5 % [ Based on transactions ]
Integration Fee Rs.50000
Annual Maintenance Fee Rs.7000
Verisign Payflow Pro 3.0
Integration Fee Rs.15000
Other Charges As charged by Verisign
Last update: 2005-08-27 02:06
Author: Automated Service Engine - Technical Department
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