Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well.
A payment gateway is an e-commerce application service provider service that authorizes credit card payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar.
It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways protect credit card details by encrypting sensitive information, such as credit card numbers, to ensure that information is passed securely between the customer and the merchant and also between merchant and the payment processor.
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the Front End Processor or acquiring bank.
So if you are planning to set a store or business to sell products online then you must have a payment gateway integrated to your online store that will help in rendering easier online transactions between you and your costumers.
Vraj Softwares makes your payment gateway integration hassle free and implement a flawless payment solution for your requirements. You just give the information we needed and we do the rest. This guarantees that your online business stays totally comfortable and secured in handling payments by your clients.
Vraj Softwares can integrate your online payment to your online business (eCommerce) through various online service providers such as
• Sage Pay
• Amazon Payments
• Western Union
• WePay and Many More...