The confidence to purchase online depends on type of payment gateway integration provider that is offered to the client on your website or mobile application, so when setting up an eCommerce Solutions Dubai you should know which payment gateway is the most hassle free for your customers.
As a trade, both online and physically, if you want to accept card payments you need to have a terminal (POS). As it is evident, the integration with eCommerce Solutions Dubai is virtual but the purpose is exactly the same as that of a physical POS.
All Websites and Mobile Applications that choose to integrate payment gateway as a means to collect payment from there customers through eCommerce have several options available in Dubai.
Trusted Payment Gateway Integration Service Provider in Dubai – UAE
Payment Gateway is an online payment processing technology that helps companies accept credit cards and Debit Cards. In other words, payment gateways are Man-in-the-middle, which is located between eCommerce Solutions Dubai platforms and customers. The payment gateway allows you to:
- Make and accept payments quickly and easily.
- Keep your customer data (information) and money safe.
- Trust your customers so they are ready to give their money.
To be able to choose between different payment gateway integration providers available in Dubai. There are several factors to consider, such as:
- You should select the payment gateway provider that is supported in the countries you will be offering your services, as not all of them work globally.
- You should check which payment gateways are better supported by your eCommerce Solutions Dubai platform. For example, the PayPal gateway is fully supported by Magento because the same group created them.
- The payment gateway must comply with PCI 3.2.1 security standards.
- You should see the fees and charges that will be deducted per transaction.
- What payment method do they support? For example, VISA is a payment method, Master Card is another.
- Do they support your type of business? For example, some of them are not related to companies that sell MLM, adult materials, bets, gambling, firearms, drugs, etc.
- Accepted Currencies,
- Integration Plugins
2Checkout – 2checkout is one of the easiest and most affordable credit card gateways.
PAYPAL – PayPal is one of the oldest and probably the most famous online money transfer service.
Pay Fort – Pay Fort is a regional expert in payment processing technology and solutions across major markets in the GCC & Levant countries, operating in UAE, Egypt, Saudi Arabia, Lebanon, Jordan, and Qatar.
Pay Tabs – Pay Tabs is an award-winning firm that boasts of presence in the Middle East and Asia.
How do I proceed for payment gateway integration on my eCommerce Solutions Dubai
Once the application has been analyzed and the merchant account has been granted, the most common procedure is the sending of security keys and instructions for its installation on your eCommerce Solutions Dubai. The merchant may use the instructions provided by the Payment Gateway Integration Provider or Bank. In the installation process, the eCommerce Website Development Dubai must include a payment button on its website and link it to the gateway. In this way, when the customer confirms the purchase, it will connect to the server of the Payment Gateway Provider.
How will that transaction be made?
When the customer places the order and chooses the card payment option, the basic scheme that the transaction will follow will be as follows:
The trade connects with the TPV of the Acquiring Bank Entity (the bank that provides the Merchant Account Details) indicating the name of the trade, amount of the purchase, date, currency.
The buyer (holder of the card) enters the data of the card on the screen.
The Payment Gateway Integration Provider connects with the issuing entity (the bank that has issued the card with which it is being paid) requesting authorization.
The issuing bank requests authorization One Time Password (OTP) from the cardholder (buyer). It is probable that the issuing entity does not have this authorization process if this is the case, this authentication will not be carried out.
Management and Consultation of Sales
The trade has an external portal where you can consult the details of the sales made and returns. Both the seller and the buyer will confirm the operation immediately. The merchant will receive the payments of the purchases in his bank account on a regular basis.
The payment gateway integration provider will charge a commission per transaction (called the Discount Rate). The % of the commission will depend on the type of payment, the country, and the product/service.