BinaryFolks
LinkedIn Contact Us Get a quote
BinaryFolks
×
  • LinkedIn
  • Services
    • Solutions Offered
    • Hire Experts
    • Industries Served
    • Education
    • Transportation
    • Ecommerce
    • Marketing & Advertisement
    • Media & Entertainment
    • Real Estate
    • Oil and Gas
    • Manufacturing

    Industries Served

    We developed sophisticated and comprehensive IT solutions for various industry verticals namely Education, transportation, eCommerce, Real estate, Oil and Gas etc.

    Explore More
    • Custom software development Custom software development
    • Chrome Extension Development
    • AI Development Services AI Development Services
    • Blockchain Development Blockchain Development
    • SaaS Development SaaS Development
    • IOT Software Development IOT Software Development
    • API Development API Development
    • Enterprise Software Development
    • Mobile App Development
    • Web Scraping Web Scraping
    • Financial Software Development
    • Browser Extension Development
    • Business Automation Business Automation
    • Geo Location
    • Data Visualization
    • Offshore Development Offshore development
    • Digital Transformation Digital Transformation
    • IT Outsourcing Services IT Outsourcing Services

    Solutions Offered

    We offer custom solutions for a variety of complex business problems for both Startups and Enterprises.

    Explore More
    • Hire Chrome Extension Developers
    • Hire Saas application developers
    • Hire PHP Developers Hire PHP Developers
    • Hire Software Developers Hire Software Developers
    • Hire App Developers Hire App Developers
    • Software Product Developers Software Product Developers
    • Web app development company Web app development company
    • Hire NFT Marketplace Developers Hire NFT Marketplace Developers
    • Hire AI Developers Hire AI Developers
    • Hire Laravel Developers
    • Hire Full Stack Developers
    • Hire Cross Platform Mobile App Developers
    • Hire Python Developers
    • Hire WordPress Developers
    • Hire React Developers

    Hire experts

    Hire our expert developers to solve your business specific problems.

    Explore More
  • Portfolio
    • Our Projects
    • Our Technologies
  • Company
    • About Us
    • Our Approach
    • Testimonials
    • Career
    • Blog
  • Contact Us
  • Get a quote

Payment Gateway Integration - The Ultimate Starter Guide!

SOFTWARE DEVELOPMENT

Payment Gateway Integration with websites

Table of Contents

Running an e-store OR providing a service online?
Operating a selling website OR got a paid app launched in the app store?
Whatever your business’ e-presence model may be like - financial transactions are probably the most sensitive part of it and thus you’ve landed to dig through the ABCs of payment gateway integration in your website. 

Whether you are a first-timer in the payment mode integration space or one who has suffered from an impulsive website payment gateway gone wrong - you are about to absorb the answers to all your questions with bonus tips to get under one roof user’s convenience, seamless experience and firm security.

In case you haven’t checked out our take and tips on financial software development yet - you know what to do now! 

 

What Is A Payment Gateway?

The service authorizing and processing payments in business transactions across both online and offline stores is popularly termed as payment gateway. Simply put, a payment  gateway is a platform connecting customers’ source of e-cash with the merchant's account.

Payment gateway integration refers to establishing a connection between a merchant's account and that of the payment service provider’s through a well-built API.

Read : API Development guide by BinaryFolks

However it isn’t as simple as it may sound because an array of security protocols along with encryption methodologies are involved in the process of transaction with integrated payment gateway. 

Let’s have a quick look at the purposes payment gateways serve :

  1. Integrate payments with digital solutions used by merchants and its customers use for financial transactions
  2. Carry out dipping or swiping transactions at a POS or right through a mobile device
  3. Receive transactions using NFC technology

 

How Does A Payment Gateway Work?

Payment gateway is the last & final step of the contemporary sales process but consists of several sensitive steps for security concerns. Here’s how it works :

  1. To complete the purchase the consumer enters their debit card / credit card / UPI / relevant digital payment information and confirms submission
  2. The consumer's web browser makes use of SSL to encrypt the payment info securely
  3. The merchant sends the information over to the payment gateway with the help of SSL.
  4. The payment gateway further hands over the information to the suitable payment processor
  5. The data is then forwarded to the associated payment source ( credit card / debit card / relevant financial organization for verification
  6. After authentication of the request the verification status is sent back to the payment gateway via the payment processor 
  7. The received status is then shared with both the end parties - consumer & merchant by the payment gateway marking the transaction approved or rejected
  8. Such approvals are then sent back to the same source approving the transaction and the relevant source transfers requested funds to the merchant’s linked account

 

Types Of Payment Systems 

Before diving deeper into the nitty gritties of integrated payment gateway let’s first have a clear understanding of the broad categories of payment gateways :

 

[1] Hosted Payment Gateways

Hosted payment gateways are the type that instruct your customer to shift to the Payment Service Provider (PSP) page to execute the transaction & once done,  redirect back to your site to complete the checkout process. Example : PayPal

 

Pros Of Hosted Payment Gateways :

  1. Being PCI compliant the transactions are fraud proof and highly secured
  2. Easy to set up 
  3. Provide personalized user experience

 

Cons Of Hosted Payment Gateways :

  1. Since hosted payment gateways redirect the user out of its webpage for transaction execution, it becomes a little time-taking and ‘too-much-toggle-between-pages’ for user’s convenience

 

[2] Self-Hosted Payment Gateways

With self hosted payment gateways the payment info is collected from the customer straight from the merchant’s website itself and thus transaction to checkout everything is processed at a single place.

 

Pros Of Self-Hosted Payment Gateways :

  1. Quicker checkout
  2. The merchant has complete control over payment acceptance process

 

Cons Of Self-Hosted payment gateways :

  1. Lack of consistent support

 

[3] API/Non-hosted Payment Gateways

API hosted payment gateways enable customers to enter their payment details right on the merchant’s checkout page and then the transactions are processed through either an API (Application Programming Interface) or HTTPS queries.

 

Pros Of API/Non-hosted Payment Gateways :

  1. Customizable
  2. Ease of integration

 

Cons Of API/Non-hosted Payment Gateways :

  1. Since the PCI DSS compliance and SSL certification is the merchant’s responsibility, security may be compromised.

 

[4] Custom Payment Gateways

Quite as the name suggests, for custom payment gateway integration there is no set definition as the term ‘custom’ has no limits. Basically it enables the buyers to carry out an e-purchase without involving a credit card or debit card. Here you define the instructions based on how you want your consumers to execute transactions.

 

Payment Gateway Integration : Security Standards

 security standards in payment gateway integration encryption SSL SET Tokenization PCI DSS Compliance

Does Your Business Need A Payment Gateway For Websites? 

All the goodness that payment gateway integration brings in, but do you really need it? To answer this question - let’s try answering a few more! Read the below questions first & try answering in yes or no in your head :

[1] Does your business need (or in future possibly need) online payments?
[2] Do you prioritize the following?

[a] Faster Payment Processing

[b] Improved Flexibility

[c] Minimized Downtime

[d] Solid Fraud Protection

[c] Transparent Fee Structure

[d] Expanded Market Footprints

If your answer is ‘Yes’ to more than 50% of the questions, the answer is that getting a payment gateway for website should be your immediate concern!

 

Challenges In Payment Gateway 

Challenges are galore in every step of a business process and the number of such challenges multiplies when it involves financial dealings. So quite justably, for payment gateway integration it involves a few pitfalls too. Here goes the list : 

common challenges in payment gateway integration

Top 7 Things To Keep In Mind For Payment Gateway Integration 

While it’s true that the ‘ideal’ process to integrate payment gateway varies for each business and its goals, there are a few things that almost each business wants to woo their customers with. Here’s a list of top 7 of such sought after features : 

 

dispute handling and transaction grievance management by effective payment gateway integration

[a] Convenient Dispute Handling & Shortest Possible Settleback 

For any merchant customer’s convenience and fast dispute settlement is a major part of that. Tracking what happened-when-for which transactions without an automated system in place makes manual dispute handling messy as it requires generating settlement reports by manual parsing. So when it comes to dispute handling it’s important to have a pre-built log in place to store details of every transaction and later if the dispute happens you can simply ask the user to provide a few details like :

  1. Date of transaction
  2. Amount transacted
  3. Transaction ID 

And map the details with the log to quickly solve the issue.

Recurring Payment Support by payment gateway integration

[b] Recurring Payment Support 

If you do a thorough market research, you’ll find out there are a huge number of grievances around recurring payment support. So make sure you pre-set the billing cycles and frequencies for your offerings. Also, it’s a great idea to keep your customer's e-card details in your portal so when they return, you get their payment process a few clicks’ affair with partial to complete auto data population. BinaryFolks has helped esteemed enterprises automate their recurring payment and timely invoicing with a tokenized approach, dismissing any such chances of user grievance. 

 

easy implementation of payment gateway integration

[c] Ease Of Implementation 

One of the foremost priorities in website payment gateway remains the ease of integration. So make an integration plan that’s on-point and requires least efforts from the team to be familiar with it. Basically as a merchant you should be able to operate without having to go through numerous steps or complex modification requirements. Also multi-framework support is a must for the most effective integration.

 

Intuitive UI for integrated payment gateway

[d] Intuitive UI  

There’s no better customer magnet than a smooth checkout and that’s what you can ace with an intuitive UI making online payment completion a cakewalk. All you need is a well designed "pay page" to redirect their customers for ad hoc payment processing (and competitors’ cons to turn into your pros!).

 

detailed payment analytics and custom reports generation with payment gateway integration

[e] Detailed Payment Analytics & Custom Reports 

Remember when analytics or reports would take a group of employees leaving every other task just to find required stats and patterns? If it’s a familiar thing..this point is for you. Here’s what to keep in mind while planning the analytics & custom report generating modules in order to integrate payment gateway : 

  1. Identify conversion rates in terms of currencies, pricing, and demographics so that you can alter your market strategy most effectively
  2. Track payment data at the in and outflow for simplified sales understanding
  3. Generating cleanse reports to monitor frauds, common factors leading to refunds or chargebacks hampering your revenue growth. 

 

How Much Does Payment Gateway Integration Cost ?

Payment gateway integration does not have a fixed price tag as it depends on several factors but primarily on :

  1. The payment gateway of your choice
  2. The timeline you are looking at
  3. Security standards you settle for

However, payment gateway integration can cost you somewhere between USD 3K to USD 15K.

 

Perks Of Payment Gateway Integration With BinaryFolks

driven by ex-engineers from Google, Amazaon & Salesforce

Driven by ex-engineers from Google, Amazon & Salesforce

Complimentary Consultation

101% Value For Money (+1 for Our Complimentary Consultation before You Spend Your 1st Dollar!)

Authentic Reviews

Reviews That You Can Verify!

Safeguarding Business with an NDA

Safeguarded Business With An NDA

Out of the box innovations

Out-Of-The-Box Innovations

Eye for details

Eye For Details

Questions Galore

Questions Galore (Until Your Requirement & Our Understanding are mirror copies!)

Insight-Rich Scope Enhancement

Insight-Rich Scope Enhancement

Intense Domain Expertise

Intense Domain Expertise

Close-knit feedback loop

Close-knit feedback loop

 

Conclusion

Integrated payment gateway sure turns the growth graph upwards if you keep this guide handy but the only condition there is a complete no brainer - handing over the pro plan to the ‘right’ team of developers! 

Why team when you can go for freelancers? Looks like you haven’t checked out our ‘How to find developers?’ guide yet..we’ve made our point there. 
Ready to get - set - integrate?

 

Let’s Discuss Payment Gateway Integration !

#bespoke software #client guide #custom software development
Back

Categories

  • All
  • ARTIFICIAL INTELLIGENCE
    (26)
  • CHATBOT DEVELOPMENT
    (1)
  • CHROME EXTENSIONS
    (12)
  • CLOUD COMPUTING
    (6)
  • Ecommerce
    (9)
  • ELEARNING
    (8)
  • ENTERPRISE APPLICATION
    (14)
  • IOT
    (4)
  • MOBILE APP DEVELOPMENT
    (20)
  • NEWS
    (4)
  • REAL ESTATE
    (3)
  • REVIEWS / RECOGNITION
    (4)
  • Saas
    (6)
  • SOFTWARE DEVELOPMENT
    (65)
  • SOFTWARE OUTSOURCING
    (12)
  • TRANSPORTATION
    (3)
  • WEB SCRAPING
    (6)

Related Post

  • What to Keep in Mind while Choosing a Software Outsourcing Company?-img
    What to Keep in Mind while Choosing a Software Outsourcing Compan...
  • 5 Proven Ways to Reduce Software Development Costs-img
    5 Proven Ways to Reduce Software Development Costs
  • Hiring a Software Development Team? Ask These 5 Questions-img
    Hiring a Software Development Team? Ask These 5 Questions
  • 5 Symptoms your Business Needs Custom Software Development-img
    5 Symptoms your Business Needs Custom Software Development
  • How to Stay within Time and Budget when you opt for Custom Software Application Development?-img
    How to Stay within Time and Budget when you opt for Custom Softwa...

Tags

  • #ai
  • #ai applications
  • #ai chatbot
  • #aws
  • #bespoke software
  • #browser extension
  • #business automation
  • #chrome extension development
  • #custom software development
  • #data scraping
  • #education
  • #Geo-location
  • #hire software developers
  • #mobile apps
  • #react native
  • #Recognition
  • #Social media app
  • #useful tips
  • #web development

Subscribe to Blog

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Get a quote
Your Name*
Phone / WhatsApp
Email*
I am a*
  •  
  • Startup
  • Small Company
  • Medium - Large Company
Your Requirement
Contact Us
Your Name*
Email*
I am a*
  •  
  • Startup
  • Small Company
  • Medium - Large Company
Your Requirement
Solutions
  • Custom Software Development
  • Chrome Extension Development
  • AI Development Services
  • Blockchain Development
  • IOT Software Development
  • API Development
  • Enterprise Software Development
  • Many more...
Industries
  • Education
  • Transportation
  • E-Commerce
  • Marketing & Advertisement
  • Media & Entertainment
  • Real Estate
  • Oil and Gas
  • Manufacturing
  • Others
Company
  • Career
  • About Us
  • Contact Us
  • Testimonials
  • Approach
  • Blog
  • Privacy Policy
Office Locations

1 6th Floor, Building 2A, Ecospace Business Park, AA II, New Town, Kolkata 700156

2 113, Sutirmath East, Berhampore, Murshidabad, West Bengal - 742101

  • USA Number +1-408-475-6464
  • India Number +91-7044064641 WhatsApp
  • Email sales-team@binaryfolks.com
Get a quote
We are recognized by
  • www.clutch.co
  • www.goodfirms.co
  • www.softwareworld.co
  • www.topappdevelopmentcompanies.com
  • www.itfirms.co
  • www.topdevelopers.biz
  • www.crowdreviews.com
  • www.techreviewer.co
  • https://selectedfirms.co/
  • Our Choice

Corporate Identity No. U72900WB2017PTC222936, © BinaryFolks Pvt Ltd, 2012-2025. All Rights Reserved.

Email ID
Where we can send the PDF instantly !!!