A payment gateway is an e-commerce application service that authorizes credit card/debit card and net banking payments for e-businesses, online retailers/services and mobile applications.
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/debit card numbers/bank account details, 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 mobile applications) and the Front End Processor or acquiring bank.
72interactive have tiedup with some of the leading 3rd party payment gateway service provides like PayU, DirecPay (Times of Money), CC Avenue & Techprocess to offer attractive plans at an affordable cost.
Advantages of 3rd Party payment gateway over bank’s payment pageway.