How to Choose Payment System Integration?

How to Choose Payment System Integration?

Payment system integrations are vital for running a successful online business. If you want to give your consumers a seamless checkout experience that is fast, convenient, and secure, you need a payment system integrated into your system.

As a merchant, there are certain things that you need to keep in mind when integrating such a system. This post will help you choose a payment system integration that’s the best for your business. 

There are commonly three types of integrations that you can do with your online store. We will take a brief look at all three, and depending on your needs and requirements; you can choose one at your discretion.

Hosted Payment Gateway: 

It’s a third-party integration where the entire checkout and processing of the transaction happens outside the purview of your website. Essentially, this means that you don’t need to spend anything on ensuring an infrastructure as it’s taken care of by the provider. 

However, on the downside, you won’t have any control over the user experience once they checkout. Still, it also means that you don’t need to care about complying with security protocols since it’s the service provider’s responsibility. It is the best type of payment integration if you are a small business owner, freelancer and using an external service provider to process payments isn’t much of a concern for you.

Non-Hosted Payment Gateway:

In this type of setup, there is no third party involved at the checkout page. If you were to use this kind of system, you would need to comply with industry standards such as PCI DSS, 3D Secure, etc. You would also be responsible for ensuring the safe storage of credentials and conducting the initial verification for each transaction. This type of setup is usually put together by installing a payment gateway solution on the merchant’s website.

Direct Post Method:

In this type of integration, the customer completes their entire journey from product selection to the checkout on the website without being redirected to a third-party platform. You don’t need PCI compliance, and it’s assumed that the transaction-related data will be posted to the payment gateway once a customer has clicked on the purchase button. Once done, the data is immediately transmitted to the gateway and the processor without any information getting stored on the merchant website.

Advantages of Having a Payment Gateway System Integration: 

There are many advantages of having it integrated with your online store or website.

  • It allows you to accept online payments such as credit/debit cards, digital wallets, UPI, BHIM, and other upcoming online payment modes.
  • Allows you to expand your customer base beyond the constraints of your geographical boundaries
  • Allows you to accept multiple currency types and create checkout pages in multiple languages
  • Merchants can give consumers a seamless experience right from the moment a customer enters the store till they checkout.
  • Customers are mostly confident dealing in digital payments compared to cash since refunds and chargebacks are faster.
  • Secure, convenient, and faster experience compared to cash-based transactions

If you are an online merchant and still to implement a payment gateway integration, plural by pine labs is one of the best payment gateways you can invest in. It offers a safe and convenient online experience while ensuring the seamless delivery of products and services. 

Moreover, your payment gateway must be able to accept all kinds of modern payment options such as UPI, digital wallets, etc. These also include upcoming ones such as payments via WhatsApp, Facebook, Instagram, and SMS using a single link that can be shared across to collect and process payments.

So, in case your store is lacking a payment gateway integration, it’s high -time that you go for it right away!

Jack Sonamy

Leave a Reply