How to Set Up Online Payment Gateway on your website

One of the most important factors to consider when setting up a business, personal website or e-commerce store is how you’ll accept payments.

Customers expect online transactions to be quick, secure, and convenient. To make the process run as smoothly as possible, you need to set up the right payment gateway for your business.

In this post, I’ll walk you through the options for accepting online payments. 

What is a payment gateway

Before you learn how to add a payment gateway to a website in great detail, it’s important to understand what it actually is.

A payment gateway processes credit cards at online and offline stores. It transfers the key information between websites/mobile devices and payment processors/banks, and vice versa.

So if you decide to integrate payment into a website and make the user experience smooth, think of the gateway as a tool to deal with all the financial transactions online.

Basically, it’s an online representation of a real point of sale terminal that you see in retail stores. To ensure the transaction safety and protect your website from fraud, a payment gateway encrypts all sensitive information: credit card number, expiration date, and CVV code.

Click here to view list of recommended payment gateway for your business:

How does a payment gateway work

The main task of a payment gateway is to process credit card information of online customers dropping to your e-commerce store for example.

See our step-by-step tutorial to get familiar with the process A to Z.

1. The customer presses the “Place order button at checkout. The browser encrypts the payment details and sends them to the merchant’s web server via SSL connection.

2. The merchant sends these details to a gateway – again via an encrypted SSL connection.

3. The payment gateway sends the information to the payment processor, which, in turn, forwards it to the card association (Visa, MasterCard, etc.).

4. The bank that issues the credit card receives an authorisation request and sends a response code back to the payment processor. The response code contains information about the transaction status (approved or failed) and the error code in case the transaction failed (insufficient funds, etc.).

5. The payment processor sends the response code on to the gateway, and from there it’s forwarded back to the website.

6. The website displays a relevant message to the customer.

The whole process takes as little as 2-3 seconds!

Do you need help setting up and collecting payment from your website, i got you covered call or write.

About the Author

Israel Eke

Hi, my name is Israel and I'm the creator of iTechnology. They say the best way to learn something is to teach it to others. And this is ultimately what this website is all about. I am more than happy to share with you the knowledge and experiences I have accumulated (and still accumulating) in my online journey, In the hope of somehow helping you in yours. If you need a Blogsite, Personal or Business Website, or further assistance, feel free to call or write me.09054795854,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these

%d bloggers like this: