Payment Gateway provides credit card processing, billing, reporting and settlement and operational services to acquiring and issuing banks, manages the process of transferring authorized and captured credit card funds between different financial accounts such as the merchants company checking account.
There are three financial components in a Payment Gateway.
1. Set Up Fee [ Usually one time fee ]
2. Annual Maintenance Fee
3. Per Transaction Fee
Payment Gateways in general can be classified as follows;
a. Dedicated Payment Gateways
b. Shared Payment Gateways
Dedicated Payment Gateways: This type of payment gateways are directly issued to the vendor. Usually the per transaction fee will be lowest for this payment gateways. Billing is done in the Vendor Name Itself. Hosting environment needs to be setup specially for running sites with Dedicated Payment Gateways. This consists of Economy and Premium Packages.
Shared Payment Gateways: This type of payment gateways are issued as a third party payment processing to the vendor. The per transaction fee is very high when compared to Dedicated Payment Gateways. Billing is not done in the vendor name. Hosting environment does not require any special environment setting to be done. This consists of Economy and Premium Packages.
Note : Sandbox Testing will be done is free of cost |
Further questions
If you have any queries regarding payment gateway service or would just like to discuss possibilities, Call +91 966338750 / +9144 645 33166 now to discuss your needs or email us at sales@space2world.com.
