Introduction to an Online Payment Gateway

Set up an online business? Enable online payment acceptance?

Read more here.

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A secure portal on the World Wide Web that allows merchants to accept electronic payment via various payment modes.

It transmits and processes card and/or account information tocomplete online transactions.

What Is an Online Payment Gateway?

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When Will You Need a Online Payment Gateway?

Whenever you want to accept payment electronically via online means, make payments online or do online monetary transactions

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MerchantsSell goods/services online and accept payment online

Who Needs an Online Payment Gateway?

BuyersPay for purchases offline and online

Any PartiesMake online monetary transactions or receive payments via online means

Add “Bill Payment” graphic here

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More Convenientthan bank transfer or cash collection

Why Do You Need an Online Payment Gateway?

More Secure than CashProtect against employee theft

More EfficientAutomated sales tracking

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Websites are the ideal places

Where Do I Implement an Online Payment Gateway?

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How Do I Integrate One?

1) Obtain a web hosting site for your website or online shop or blog. Set up your website/online shop/blog.

2) Check that the requirements of the hosting site can handle the technical requirements of the online payment gateway. E.g. Compatibility of programming language etc.

3) Contact your payment gateway provider for a merchant account and integration instructions.

Increase Revenue Leverage on multiple features and payment modes

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SecurePrevent fraudulent transactions

Reduce Overheads Allows for 24-hour selling worldwide at low costs

Advantages of an Online Payment Gateway for Merchants

Ease of Use User-friendly payment interface

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SecureOne-Time-Password feature

Convenient24-hour shopping worldwide

Advantages of an Online Payment Gateway for Customers

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Some Payment-related Terms

Merchant Account A unique account at the payment gateway provider to identify monies due to each merchant and track transactions

Shopping CartA software that allows buyers to accumulate items for payment

SSL (Secure Sockets Layer)An online protocol that encrypts transmitted information to prevent unauthorized interception and theft

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Frequently Asked Questions

How long does it take to setup a payment gateway?This depends on the features you would like and the platform your website is hosted on. It could be as quick as 3 working days.

When do I get my sales proceeds?The average amount of time taken would be 3 to 4 working days from the transaction date.

How long does it take for a payment to be processed?It usually takes between 3 to 5 seconds.

What is a credit card chargeback?It is the refund of a transaction that is initiated by the buyer through his card-issuing bank.

Website: www.reddotpayment.comE-mail: info@reddotpayment.com

Phone: +65 6493 1737

MOREQUESTIONS?