Payment Gateways

Industrial Infotech integrates with popular payment solutions.

What is a Payment Gateway ?

A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers. The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider.

In other words, a payment gateway is simply a software application. It’s basically a conduit between an eCommerce website and the bank that authorizes (or declines) a customer’s credit card payment. Credit and debit cards, eCheck (ACH), and even cryptocurrencies like bitcoin are all processed through payment gateways.

Ultimately, a payment gateway is the final step of the sales process on an ecommerce website. Without it you won’t be able to securely charge your customers when they purchase items from your website.

How Do Payment Gateways Work ?

As a customer, a payment gateways seems simple and straightforward. You visit an eCommerce site, select the items you want, add them to your cart, and checkout.

You enter your payment information and confirm your order. Now you can sit back and relax until your item arrives at your doorstep. Behind the scenes, however, it’s a little more complex.

The gateway process follows these six steps.

  • Step 1 : The customer places an order and enters their payment information. An online the transaction will be processed as a “card-not-present” transaction. Again, this may result in a higher processing rate. Once this info has been submitted, it’s encrypted, and then sent on it’s way.
  • Step 2 : The encrypted data is first sent to the merchant’s processor, which is simply the company that actually processes the transaction.
  • Step 3 : The processor routes the transaction data to the credit card association. Visa, MasterCard, Discover, or American Express are credit card associations. These card associations charge an interchange fee for each transaction.
  • Step 4 : The next step is where the transaction is approved or denied. The card will obviously need to be valid and have enough funds.
    Also in the fourth step the authorized user must also not have any holds or freezes and the transaction will be authorized. What’s amazing is that these first four steps take place in a matter of seconds!
  • Step 5 : The transaction becomes authorized. The issuing bank then transmits the authorization back to the parties in the payment processing network.
    The authorization starts with the credit card association, then with the merchant’s business. Finally, back to the ecommerce site through the payment gateway.
  • Step 6 : Although the transaction only takes seconds, it can take between 24 to 48 hours for the funds to be available in your account.

We provide suitable Gateway with a System Designed to Handle End to End Payments
Accept All Payment Modes

With Domestic and International Credit & Debit cards, EMI, Netbanking from 58 banks, UPI and 8 mobile wallets, Razorpay provides the most extensive set of payment methods.

Checkout and Global Card Saving

An easy to integrate Checkout with cards saved across businesses so that your customers can pay seamlessly everywhere.

Powerful Dashboard

Get reports and detailed statistics on payments, settlements, refunds and much more for you to take better business decisions.

Built for Developers

Robust, clean, developer friendly APIs, plugins and libraries for all major languages and platforms that let you focus on building great products.

Robust Security

PCI DSS Level 1 compliant along with frequent third party audits and a dedicated internal security team to make sure

Payment Gateway

Work smartly with Digital Business Card