How does the payment gateway work? How the money flows securely
Customers select the service or product they want to purchase and go to the checkout page. You can offer a variety of payment methods here. Some of the existing...
Customers select the service or product they want to purchase and go to the checkout page. You can offer a variety of payment methods here. Some of the existing payment methods include:
Hosted payment page: google pay payment gateway for website When customers are ready to enter their transaction data, they will be directed to another page.
Server-to-Server Integration: You can use a proper payment management system to request payment for corporate information on the same page.
Client-side encryption: Use encryption on the client side to send it to the merchant service to simplify PCI policies.
The customer then enters his credit card information on the service provider's payment page. The transaction data may include card expiration date, customer name, CVV number, and credit card number.
The information is sent to a payment gateway, which encrypts the credit card details and uses fraud detection technology. This makes the interaction more secure.
The acquiring bank sends the information to a credit card program such as MasterCard or Visa.
Before sending the payment processing data information to the issuer, the card program double-checks the corporate payment card industry for threats and problematic fraudulent behavior.
The issuer filters the payment and authorizes or denies the transaction, sending the customer an approved or denied message.
The acquiring bank then sends a rejection or approval message to the payment gateway, which informs the merchant whether the payment service has been approved. If the payment plan is approved, the acquirer can collect the required amount from the issuing bank.
During the process known as "settlement," the funds are deposited into the merchant's account and the merchant can display a payment confirmation message.