Payment Gateways Are Essential For An Online Website

1. Payment Gateways Are Essential For An Online Website

2. Ecommerce payment gateway providers such as PaymentAsia are an essential part of any online website.  Payment gateways are necessary to help the payments go through for online purchases. It sends all the details of a credit card transaction to the credit card processors.  The processor also informs the customer that the transaction has been authorized from his account.  Some payment gateways have additional features that allow it to screen a transaction for fraud.  Some of them even add tax automatically.  Payment gateway providers act as a link between the ecommerce website and the bank. Its presence is essential to help the customer make his payments through a secure channel.

3. The Process Of An Online Transaction

4. Payment gateway providers such as PaymentAsiaare necessary to authorize the payment so that the transaction can go forward and be completed.  The process of payment happens in this way.  Once the purchase has taken place, the customer enters his payment information.  This information is encrypted and sent to the merchant’s processor. From there it goes to the credit card association of the company that issued the credit card.  If the card is valid and the customer has enough funds, the transaction will be approved. The information about the authorization goes back to the merchant through the same process.  Although it seems a long process, it only takes a few seconds for this entire process to be completed.  However, the merchant may receive the funds into his accounts only after 24 to 48 hours.

5. Choosing The Right Payment Gateway Provider For Your Business

6. Some of the additional services provided by payment gateways include encryption of all sensitive information before the transaction takes place for protection from fraud. The customer does not have to repeatedly reenter his information each time he visits your website as they have a payment information storage process. This information is also encrypted so that it is secure. Payment Asia reviews also speak of its security features.  It is PCI compliant and uses innovative technology to increase the security of the transactions.  The virtual terminal ensures that transactions are processed through your own computer’s web browser.

7. Benefits of Choosing Payment Asia as Your PSP

8. Payment Asia reviews speak of this leading ecommerce payment gateway provider’s excellent services to all its clients whether they are small, medium sized, or multinational businesses. It offers scalability so that it is able to update its services to a business as it grows from a domestic player to an international player.  It allows transactions in different currencies and offers merchants flexible settlement schedules. It helps with fraud detection through a screening process that uses tools such as identity morphing detection, AVS checks, delivery address verification, geolocation, velocity pattern analysis, and computer fingerprinting technology.