Nowadays most people get addicted to the ease of online shopping. So an eCommerce business is rapidly growing. And despite the cash-on-delivery method. Payment through credit cards and debit cards, or net banking is the most preferred payment option for more customers. So, all eCommerce websites need to have a good payment gateway service provider. So in this article. We will discuss adding a payment gateway to the website.
A payment gateway is a service provided by a payment service provider. And that allows processing credit cards or direct payment processing for online businesses.
Choosing a Payment Gateway
You will have to choose a payment gateway by following these given steps.
For adding a payment gateway to your website. You will require these documents
Before applying for integrating a payment gateway to the website. The eCommerce website owner first has to incorporate a business firm. Because eCommerce businesses can take equal partners. And if those eCommerce businesses cannot be set up as private limited companies. Because the revenue generated by an eCommerce business is less than Rs.40 lakhs. And if the merchants have zero plans for raising funds. Then the eCommerce business can be set up as an LLP (Limited Liability Partnership). Then it is recommended. That if you are going to start an eCommerce website. Then start the business as an LLP or Pvt. Ltd. Company. Because of the limited liability protection afforded for the merchants.
After the incorporation of an LLP or Private Limited Company. The merchants should have the following documents for the company.
If you have the above documents. You can open a business bank account with the name of the business firm. And after creating the bank account. The merchants can apply for a payment gateway service provider for payment gateway services.
How can you find the right payment gateway provider?
After having the business bank account. You will have to be ready with the proper documents. So the company or LLP can apply for a payment gateway service provider for services. And it is more important to keep in mind the upfront charges and transaction charges. And features provided by the payment gateway service provider. When you are choosing the right payment gateway provider. And you will have to look after all aspects.
And the necessary supporting documents with an application will be required. So they can forward to a payment gateway service provider. And to get a payment gateway service for your eCommerce website. And the processing time to get a payment gateway service takes around a week.
Prepare Legal Documents and Listings
After getting the approval for a payment gateway application by the payment gateway service provider. You will get a demo payment gateway ID. And to integrate the payment gateway into your website. And during this process. The website terms and conditions and privacy policies must be created for the website professionally. And are updated on the website. So, along with the legal documents. Moreover, you can make the website’s eCommerce listing live with affordable pricing.
How can you integrate the payment gateway into an eCommerce website?
After selecting the payment gateway and signing up. So you can integrate it into a website by the following steps.
If you have completed the above steps. And the payment gateway starts working correctly with the test ID. The payment gateway solution provider can integrate to make the payment gateway live. And the website will be accepting credit cards and debit cards. Also net banking payments on the website.
Why Choose Amald?
If you have the best payment gateway service. Then it will provide wings to your eCommerce business. And Amald provides you with the best solutions. We have an expert team. And that will be available 24*7 in your support.
And for more information regarding the integration of a international payment gateway on your website. You can talk to Amald’s business advisor. So you can contact us freely. We promise the best assistance.