Online payment systems for Quicker Transactions

Online payment systems provide services in a professional, consultative & merchant-centric manner to benefit from quality over quantity. These systems offer the widest range of payment options currently available in India, covering 97% of all payment methods used by transacting customers.

Currently there exist few other merchants that provide the widest range of online payment systems in India. The facilities offered by these systems include high end credit cards, debit cards, highly efficient Net Banking, IMPS options, multi facility Cash Cards & E-wallet. E payment systems include online payment systems and EMI and reward options to honor customer purchases. EBS is continuously expanding its network to successfully cater to the ever increasing tech savvy population.

When talking about e payment system, the customer places the order on the merchant’s website after selecting and adding items in the shopping cart. Then the customer selects payment mode i.e. pay via credit card facility available on their respective site. The customer is then redirected through Payment Gateway to the Acquiring Bank. The customer enters his/her credit card details on Secured Payment page. The collected Credit card information (shared by the customer) is transmitted securely for 3D secure verification On successful 3D authentication, the information is shared with the Issuing Bank for further authentication. On successful authentication by the Issuing Bank, the information is shared with the acquiring bank. The final result is forwarded to the payment gateway. The customer receives a confirmation and is redirected to the merchant’s website. The payments of such transactions can be accepted by capturing the payment or canceling the payment to refund the amount back to customer’s account, in case of unavailability of stock or any other reason.

Merchant has to capture the payment within the next 12 days else the payment will be cancelled by the system automatically. For every successful payment, a payment notification email will be dispatched to the merchant registered email id. In addition, auto-capturing & capturing through API facilities is available.

These payment amounts acquired are credited to the respective account registered with payment gateways, after deduction of the transaction discount payable to these. In order to avoid any sort of confusion and to successfully acquire sales orders it is imperative for the merchant to access the module on regular basis.

These Payment Gateway systems require the merchant to constantly view details of orders placed by the customers and capture the transaction amount within 12 days for getting the said amount credited to the account. The crucial part of payment processing is managing payments in most efficient and secure manner.

With these payment gateways, you can be assured of safe, protected and highly secure transactions without any worry. Opt for these and carry out any transaction with ease!

The author has extensively written about the evolving e-commerce trends in India. He has valuable insights about Payment gateway integration and Online payment system. His articles and features are a source of information for budding entrepreneurs and businesses that depend on online channels for revenue around the world.

The Author is efficiently knowledgeable about IT, Software, real estate &Travel industry & has written informative content on IT solutions, travel & hotels. This assist all type of business owners in availing the best information for their business.