Ecommerce Website Development Payment Options

Accepting payments online is important for any ecommerce website development operator. From small online retailers to massive ecommerce giants, selling on the internet or dealing with money online is a given. Whether you run SaaS or online investment platforms or membership services, payment gateways form an integral part of your site. A payment gateway processes credit cards at online stores, transferring the critical information between mobile or desktop devices accessing your site and payment processors or banks and vice versa.

The online representation of the real PoS terminal in retail stores, a payment gateway is essential for protecting the website from fraud. Therefore, a reliable payment gateway which encrypts credit/debit card details, expiration dates and CVV codes is a must. For effective ecommerce website development, a secure payment gateway is a must.

How to Choose the Best Payment Gateway

When implementing ecommerce website development, business owners are invariably faced with a choice about the types of payment transactions and payment gateways involved. Most common transaction types involve authorisation, sale, refund, void and capture. So, choosing the gateways on the basis of transactions carried out is beneficial for ecommerce website development. Let’s see what the market offers in terms of payment gateways. It is up to the retailer whether they want to opt for a ready solution or integrate a payment gateway into a website from a scratch.

Types of Payment Gateways

There are two types of payment gateways, specifically hosted and non-hosted.

#1 Hosted

These gateways take the client away from the website to complete the payment and redirect them once the process is finished. This takes care of secure transactions. Hosted payment gateways are easy to integrate into a site. But the site can lose its hold over the customer who may just get distracted and navigate away. Some of the  most well known redirect or hosted payment gateways include Stripe, SagePay, Amazon Payments and PayPal.

#2 Non Hosted or Integrated Payment Gateways

These are gateways that offer direct payment on the site. These gateways smoothly integrate into the website and keep the user at a platform or store without taking them away and making the payment somewhere else. Non-hosted solutions work on the server. Therefore, they generally store the card holders information. Consequently, there is need for ensuring fraud protection and secure storage of information as well as compliance with payment regulatory authorities.

Non hosted payment gateways are equipped with readily available modules and extensive APIs for integrating into the shopping cart. If the website is run with a custom engine, custom programming is essential to integrate the payment gateway into the website. 

Degree of Customisation

Having a payment gateway you can entirely control is a great idea. For custom payment processing services, trust a reputed solutions provider. The reason for customising the payment processing technologies is that you can implement unique features and prevent yourself from paying processing fees. Choose an affordable services provider and you will be able to secure the best of both worlds. After all, your reputation as a retailer online counts on how secure your transactions are. Customers can only spend cash at your online store, if trusted and secure payment methods are in place. Payment gateways that are safe, secure and reliable for your customers can pave the way for profits and stable growth for your business as well.

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