People in India still now, hesitate to pay bills online because of lack of awareness. They fear about payments failures, connection drops, payment gateways, e-commerce websits. In this video I explained entire procedure of successful payment and failed transaction and I also mentioned how to get refund in case of Merchant’s failure while entire transaction.
Many questions arise regarding the safety of online payment gateways. This is because there is very little awareness of how a reputed online payment gateway is far more effective than other modes of payment. But first, let’s have a brief understanding of how an online payment gateway actually works.
In practical, an online payment gateway works like a relay that takes place between an e-commerce merchant account affiliated website and the merchant bank, which is also connected to a large network of credit card issuing banks. Besides communication, one of the other main functions of an online credit card gateway is encryption.
The payment gateway typically uses SSL 128-bit encoding technology. This is done to encrypt and decrypt all the data that is being sent through it. Safety and security in online credit card gateway is critical. Without this encryption, all the data of the credit card holders’ can be stolen and used illegally.