In order to allow online purchases, there must be platforms for online payments. Many people ask the question, “how can I get paid on my website?” When considering starting an online business or transitioning from a physical store to an online store, this is often the first question that comes up. There are several options available to answer this question.
To receive payments on your website, you can use any of several online payment gateways. PayPal, Conekta and PayU are some examples; each provides different services. All of these options have security measures in place to ensure your customers’ payments are safe. In addition, you can make bank transfers through these options.
Payment gateways for banks are an important part of the financial system.
The payment gateway of an online store is similar to a point of sale terminal or POS system. Both are bank-provided platforms used in e-commerce stores.
When a business uses a gateway to process payments, they don’t have access to customer account information. This is because the transaction goes through the bank’s secure gateway. During the transaction, customers must provide card information such as card number, full name, expiration date, and sometimes a security code called a CCV. Once the bank verifies this information, the transaction is validated and transferred to the company’s account.
To start using this service, you must open a business bank account with the bank of your choice. Once you have opened an account, you can apply to use the payment gateway. When making the request, you must provide the URL of the site where the gateway will be used. When making the request, you will be informed about the commissions generated by the transactions carried out through the gateway.
Before using a bank’s payment system, you must ensure that your website complies with all current regulations. Once you confirm this, the bank will provide you with a code to add to their website.