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How a Payment Gateway Works

Tag: payment gateway

How a Payment Gateway Works
Mohab Ecommerce 0

If you have ever wondered how a payment gateway functions on the backend. Well, look no further! We have a lowdown on how a payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone) and the Front End Processor or acquiring bank. Here is a step by step guide detailing how Payment Gateways work:

How a Payment Gateway Works

To understand the value of PayTabs as a comprehensive Payment processor, sign up for a free demo here. If you have some questions or insights, feel free to comment below.

7 years ago
Technology: A Key Differentiator for PayTabs
Mohab Super Merchants 0

Technology: A Key Differentiator for PayTabs

“Any sufficiently advanced technology is equivalent to magic.” – Arthur C. Clarke (Author)

The world of payment solutions has evolved dramatically in recent times, given the growing need of global e-commerce. Most merchants nowadays require a comprehensive solution to take care of their payment needs, whether it is in a single store environment or a marketplace environment. Even offline merchants need payment solutions to effectively manage their orders, especially in the context of international payments. The modern day customer expects no short of magic while paying for a product online, irrespective of the environment. Thankfully, the technology has evolved drastically in recent times to create nothing sort of magic for customers, irrespective of their expectations.

The payments landscape has broadened as the world has shrunk and the need for multiple currencies, alternative payments, split payments, recurring payments rolled into one solution has become an imperative for merchants of all sizes. Apart from the different features in a payment solution, what is required is the ability of the solution to integrate in various ways and provide a wide range of integration capabilities for multiple shopping carts, in the context of e-commerce.  Apart from features of a payment solution, an ideal solution should have a secured technology backend.

In the light of the growing e-commerce landscape, PayTabs has the technology to add business value for any merchant. Key elements of the technology are as follows:

  • 160+ Currencies accepted on the platform.
  • Whether it’s multiple channels, schemes, acquiring banks, multiple shopping cart platforms, security infrastructure and systems, risk management and merchant services, we have you covered in all aspects in the context of building, operating and growing your e-commerce business.
  • Dual layers of fraud management infrastructure, dedicated fraud and account management.
  • 130+ alternative payments options designed to intelligent recommend you options that support your overall business goals.

To fully experience the power of the PayTabs solution, sign up for a free demo or contact us for more information. Feel free to provide insights or comments below.

7 years ago
PayTabs: Adding Value to Your Business
Mohab Growth Hacks 0

PayTabs: Adding Value to Your Business

In one of our earlier post, we touched upon the factors that set PayTabs apart as a payment solutions company. We looked at the existing gaps in the payments processing industry and how does PayTabs bridge the gap.

Today, we are looking specifically at some of the business problems that PayTabs can solve for your business, as a comprehensive payments solution company:

  1. Global Business: Your business attracts customers from across the world and it is imperative for you to have a payments solution that processes multiple currencies and offers a seamless experience with your customers. Well, PayTabs has you covered as we can process 160+ currencies on our platform.
  2. Grow your business: Whether it’s multiple channels, schemes, acquiring banks, multiple shopping cart platforms, security infrastructure and systems, risk management and merchant services, we have you covered in all aspects in the context of building, operating and growing your e-commerce business.
  3. Data Security: In a world that is constantly threatened by cyber-crime, it is imperative for you to ensure that you customer’s data is protected. We have the highest level of PCI-DSS compliance apart from having dual layers of fraud management infrastructure in place.
  4. Technology Worries: When you are setting up your e-commerce business, you are determined to get the technology right, with respect to every aspect of your business. We understand technology and the need for agile delivery, hence we have the ability to quickly integrate our solution to your backend, irrespective of the type of backend you have.
  5. Build Competitiveness: We understand that the e-commerce industry is highly competitive across the world; we can help you grow your business & help you become competitive and profitable at the same time. We believe in complete transparency and hence we do not have any hidden charges.

To experience the power and the flexibility of our solution, you can sign up for a free demo or contact us. Moreover, if you wish, you can subscribe to our blog alerts to keep abreast with the latest from the world of payments and e-commerce.

7 years ago
Currencies Form the Core of Payments
Mohab Super Merchants 0

Currencies Form the Core of Payments

It’s a no-brainer! Everybody out there knows that to buy or sell any product or service through any medium, one would need a transacting currency. The status quo on most transactions, whether online or offline, is the fact that you would need to pay in the currency of the country where you are buying the product from, even if it is online.

But, with the advent of global e-commerce, the status quo on currencies while transacting becomes a deterrent. It is largely due to the willingness of most payments solution providers not to deal with the cumbersome regulations in place in most countries which provide a hindrance for multi-currency payments being made online.

It is not as much as a regulation problem, as it is a regulatory acceptance problem. Most regulators, as in central banks haven’t yet figured out a way to regulate payments in foreign currencies made in multiple currencies through the digital medium. Barring the most accepted currency, i.e. the US Dollar, which is largely used as a de-facto foreign exchange currency across the world, regulators are mostly wary about international payments made in other currencies, especially online.

Having said that, most developed countries and a few forward looking emerging economies have updated their regulations to allow for payments in multiple currencies. However, contrary to popular belief, there aren’t many providers in the market, who possess a seamless global payments processor.

PayTabs has always been ahead of the curve in terms of innovation and one of our key differentiating factor is the fact that we accept 160+ currencies on our platform.

To learn more about our payments platform, click here. Moreover, if you are interested, you can sign up for a free demo as well.

We encourage you to comment on this post, by providing your insights and viewpoints.

7 years ago
We can Ride on Your Cart!
Mohab Ecommerce 0

We can Ride on Your Cart!

When a customer shops on your website, little he is aware of the fact that you have shopped elsewhere to integrate your website with a shopping cart platform. Shopping cart platforms lie at the very heart of e-commerce and no merchant looking to venture online, can do without a shopping cart platform. What a door and furniture is to a offline store, a shopping cart is to an online store.

Quite simply put, the technology that runs in the back-end when you buy any product on any e-commerce site and add it to the cart for checking out. That virtual process is executed by a shopping cart platform. Once the customer arrives at the checkout page and agrees to pay, that’s where the payment gateways come to the picture. It is important to draw the distinction between shopping carts and payment gateways because merchants might be ambiguous to an extent.

In a world that has been shrunk with the onslaught of global e-commerce sites and multiple variants of shopping carts, it is imperative to have a payment gateway that caters to all types of shopping carts, be it Magento, Open Cart, Cs Cart, Woo Commerce, Shopify, Prestashop or WHMCS.

We have ready made extensions/plugins for you to integrate directly onto the platform of your choice. Now it is easy to integrate the shopping cart of your choice and start accepting payments with PayTabs.

Click here to learn more about shopping cart plugin integration onto your website, using PayTabs as a payment gateway. Moreover, you can contact us for any technical questions regarding shopping cart integration.

7 years ago