A payment gateway is an e-commerce application service that authorizes credit card/debit card and net banking payments for e-businesses, online retailers/services and mobile applications.
It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways protect credit card details by encrypting sensitive information, such as credit/debit card numbers/bank account details, to ensure that information is passed securely between the customer and the merchant and also between merchant and the payment processor.
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone or mobile applications) and the Front End Processor or acquiring bank.
e-Commerce On Rent have tiedup with some of the leading 3rd party payment gateway service provides like PayU, DirecPay (Times of Money), CC Avenue & Techprocess to offer attractive plans at an affordable cost.
Advantages of 3rd Party payment gateway over bank’s payment pageway.