For an e-commerce website, Payment Gateways play an integral role and at the same time enables the merchants to embed payment-processing functionality inside applications. At times, the process of integrating a payment gateway may get daunting, however, if the merchant wants to accept and process the online payments, then it becomes necessary to have a payment gateway.
Payment gateways connect the merchant’s website and their payment processing bank and allow the encrypted transference of financial detail.
Being a merchant who deals with high-risk business, you need to integrate a payment gateway processes for your business through which you can ensure the risk-free transactions. With Clickzep, we make it possible for you. When you approach us, we make sure that you get the right solution for your business transaction.
Transaction Types in a Payment Gateway:
The common transaction types are authorization, capture, sale, refund, and void.
- Authorization
This type of transaction is used to determine the customer’s ability to pay and find out if there are enough funds on their credit card.
- Capture
Under this transaction, the merchants are allowed to capture the money that was previously authorized and send it for settlement.
- Sale
Sale transaction combines authorization and capture. If the merchants fulfil orders immediately then the money is charged and transferred at once.
- Refund
At times, things don’t go as planned and in such a case the order made has to be cancelled for some reason, the merchant will need to refund a transaction and submit it for processing.
- Void
This type of transaction is similar to a refund, but it can only be applied if the transaction hasn’t been settled (captured) yet.
Why Choose Us?
- Our team can easily integrate quickly and our development tools are easy to understand and work with, which makes the gateway attractive.
- We also offer a payment aggregation model where the end-user merchant does not own their processing account and has few options if problems arise.
- We provide the ability to process in multiple countries.
If you are looking out to get Payment gateway integration, Clickzep is here to assist. With our team of expert professionals, we allow the merchants to easily accept online payments without worrying about frauds and chargebacks. Once you apply to us, our experts will guide you to get the right way-out for payment processing.
Read our another blog post : Payment Gateway Solutions
Payment Gateway India 