Best Payment Gateway Online In India For Your Business

Payment gateway is a medium that helps customers make secure payments to the merchant online through their website or app.

If you run an e-commerce business, integrating a payment gateway can simplify the way you collect payments.

As making online payments is simpler, faster, and more convenient, customers are open to using debit or credit cards, UPI, internet banking,

or wallets to transfer money for the commodity or a subscription. So businesses integrate a payment gateway/ multiple payment gateways

on their website or mobile application to ensure that customers have a seamless payment experience by enabling them to pay using

the payment mode of their choice — as it’s simpler, faster, and more convenient.

Payment gateway is a medium that helps merchants collect payments from customers without hassles. It’s a transaction type wherein your

customer can make payments directly through the payment gateway. All they have to do is add the card details and save

them for future reference.

And it works for the customer as any transaction requires password/ OTP verification to ensure safety. So making payments through an online

payment gateway becomes convenient and easy.

Payment gateway services protect customer’s payment details and help avoid breaches of data. And further eliminating the risk of exposing

your business to fraud or additional charges. Apart from that, it also protects merchants while collecting payments as accounts with insufficient

funds or exceeding credit limits will not be able to move ahead with the transaction.

The functions of a payment gateway are easy to map out. Once the customer adds the product or service to the cart and heads to the

checkout page of the merchant’s website/ application, they can choose to pay via the payment gateway. After which, the customer can make the

payment swiftly, and the amount gets settled instantly.

And the transaction can take place only after the customer adds the credit or debit card details on the payment page. It includes the card holder’s name,

card expiration date & CVV number (card verification value). And since all the customer details saved on the payment gateways are encrypted

from end to end, only once the customer approves the payment through the one-time mobile or email verification, the transfer will be

successful and reach the merchant’s account.

By integrating Open’s payment gateway, both you and your customers will experience more flexibility when it comes to payments.

As Open’s payment gateway,

• Check eligibility criteria with the banking partner

• Enables customers by providing more payment options

• Customers can pick between cards, internet banking, UPI AutoPay, or others

• Low on processing fees & high on functionality

• Offers MDR (merchant discount rate) for payment means

• Has good success rate & timely support

• Includes a PCI-DSS compliant system

Schedule a demo to learn more: pg-support@bankopen.co