Internet Payment Gateways Should You Make Your Own In-house
An internet payment gateway is crucial for any online merchant account to facilitate selling goods and accepting payment for the same. This is known as e-commerce.
This process is like any sale made in a physical store, where someone buys a product and passes his or her card to the check out clerk for payment. Only with an Internet payment gateway, the customer does not have to pass his card over but just enter the card data into a secure online form.
This data will include the card number, name of the holder and the CVV number on the rear of the card. The payment will be debited from the card and in a matter of days, will be credited to the merchants bank account.
From a security aspect, online payment gateways are quite secure, though the customer should be certain that he or she is using a reputed site. Look for the s after the http in the URL of the site.
This is a start but not a guarantee to prevent the site from using your card information for illicit purposes. So does it make a difference if you make your own Internet payment gateway in-house? Perhaps yes.
This will...
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