Nowadays the eCommerce market is growing and booming in India. There are several businesses in India who are taking their business Online in recent times. But getting a good Online Payment Gateway in India is a critical job. You need a safe, diverse and importantly a secure online payment gateway in India to get the guaranteed outcome of the Organization. Before we begin on the Indian scenario in this market, it is necessary to understand what a payment gateway really is.
A payment gateway is an online trading application service that authorises the credit card, debit card, cash card payments, online banking for e-commerce and merchants. A payment gateway supports the transfer of data within a payment portal (such as a mobile phone or a website) and the Front End Processor or getting a bank. Payment Gateway also termed as Online Payment Processing Services, E-commerce Payment Solutions, Payment Merchant Gateway. Picking an online payment gateway in India is a complex Job since there are few great payment gateway providers in the market, while the small payment gateway provider has few interesting features which make them difficult to ignore. If your organisation have a large number of regular transactions then you require to be specific about picking a provider while the smaller organisation look for lower transaction rate. Few Things to consider before setting up a payment gateway:
1. Payment gateway cost (Annual fee, Setup fee, TDR etc)
2. Time to install and set everything
3. UI (User Interface) of the payment gateway
4. Payment options (debit/credit Cards, Mobile-wallets, Net-banking, etc)
5. After-sale customer support