Payment Gateway Integration is an essential part of any ecommerce site. Without a Payment Gateway one cannot think of making or receiving on-line payments. Payment Gateway basically refers to an e-commerce service that authorizes payments for e-businesses & online retailers. Payment gateways encrypt important information, such as credit card numbers, to make sure that information passes securely between the customer and the merchant.
If you are currently running an ecommerce website or else if you are planning to have an e-commerce website then payment gateway integration can act as lifeline for your online business. It plays a vital part in an ecommerce website as, without this, payment of goods and services purchased online cannot be made. Besides offering the main benefit of facilitating receipt of online payments, it offers other benefits too like safety and security. Payment gateway is of a great value and help because; once the payment is made the merchant and the customer gets instant information that the payment has been processed making the procedure transparent. It allows the merchants, to accept and process credit card transactions and have the money collected end up in your bank thus easing the whole process of payment collection.