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Payment Gateway
30th Mar 2023
Payment Gateway-
Resolving 4 major merchant
pain points
Payment Gateway for Streamlined Payment Processing
Payment Processing Fee
Security
Payment- previously an invisible part of the transaction process, has become an industry with
significant geopolitical impact. ‘Cash or Card?’ The question has gradually fallen out of practice
from the common vernacular, as QR (Quick Response) codes became a popular choice, with the
introduction of digital payments. The number of payment modes available to a customer in the
marketplace has been on the rise, with the pandemic fueling the demand to make payments easy
and contactless.
Payment Gateway offers the right solution for unifying diverse Payment Modes and streamlining
Payment Processing. Online Payment Processing is a fairly new practice for businesses. The
escalating demand to quickly adapt contactless payment created several new payment modes but
processing the same requires addressing multiple pain points for the end-user and the merchant.
Here are 4 major pain points resolved using a Payment Gateway to help streamline Payment
Processing for a business.
Payment Gateway charges are one of the major pain points put forth by the merchants. Let us
understand the concept of transaction fee and what it represents. There are 5 entities in an online
payment- payer, receiver, acquiring bank, issuing bank, and a payment processor to hold the rest
of the 4 entities together, facilitating the transaction. The Payment Processing Fee refers to the
charge levied by the Payment Gateway for facilitating smooth transaction of money between all the
parties involved.
The charges levied by the Payment service provider depend on 4 major factors- Payment Mode,
Risk of transaction, Currency conversion fee, and transaction fee. Pay10 Payment Gateway is
designed to keep the transaction fee economical and transparent. We offer competitive pricing, so
the merchant does not have to compromise on profitability and ROI (Return on Investment) when
accepting online payments.
Payments Verticals Resources Partner with us Careers Contact us
Pay10 Payment Gateway provides the best security features for all businesses & merchants:
Integration
Dynamic Routing
Frequently Asked Questions
End of Blog
Online Payment requires sensitive information to be stored and shuttled around between several
parties, to enable digital payment transactions. The rise of innovative technologies also harbors the
threat of fraudulent activities. A reliable and secure Payment Gateway is essential to smooth
payment processing and protecting sensitive customer information. The risk of fraud and security
breaches is a primary concern for businesses when handling sensitive customer information,
Payment Gateways are mandated to employ reliable security features to prevent fraud and protect
customer information
Server hosted with AWS (Amazon Web Services), reliable cloud provider offering unparalleled
data security.
Transport Layer Security (TLS) to encrypt information exchange.
CoFT (Card on File Tokenization) implemented Payment ecosystem with enhanced checkout
experience.
Strong network security controls for efficient management and cyber-attack prevention.
Secure Data Storage and Access Control for convenient data storage with better integration.
Strict in-house security guidelines that ensure confidentiality of your customers’ information.
Payment Gateway integration used to be a challenge as traditional payment processors require
complex integrations, lengthy coding process, and resource intensive maintenance. With
advancement in Payment Technology, most sophisticated Payment Gateways require zero coding
and hassle-free integration to function in existing systems. The cloud infrastructure offers cost
efficient and scalable solutions for all businesses.
Pay10 Payment Gateway offers a secure and scalable cloud platform for businesses to accept
payments online via. multiple payment modes such as Credit/Debit Card, Net Banking, UPI (Unified
Payments Interface), Wallets, etc. It requires zero coding and allows hassle-free integration with
merchant’s existing platforms. Pay10 Payment Gateway is a device agnostic platform that
seamlessly supports multiple interfaces.
Payment Gateway success metrics depend on certain influential factors, one of them being
dynamic routing. Payment Gateway automatically routes payments to the correct account,
managing multiple payment channels and accounts. Efficiently routing a transaction through the
right channels reduces the errors and churn rate, thereby contributing to payment success rates.
Pay10 Payment Gateway is designed to support dynamic routing allowing every transaction to
choose the channel for the highest probability of success. Based on real time monitoring, if the
default channel chosen by the merchant is experiencing downtime, the Payment Gateway switches
to the best performing channel leading to higher success rate.
Choosing the right Payment Gateway for a business is crucial to streamlining the payment
processing. Moreover, it offers reliable payment experience for the end-user. Pay10 offers Payment
Gateway with a whole range of features and benefits that can easily Links, Billing pain points
experienced by businesses and merchants. Pay10’s ultra-efficient Payment Gateway with top-of-
the-line security features, supports several payment modes, and powers an analytical dashboard;
Payment Links, Billing service, Reseller services, Payout services, and more.
▶ Why do businesses need a Payment Gateway?
▶ What are the key security features to look for when choosing a Payment Gateway?
▶ Why choose Pay10 Payment Gateway?
Sign up now!
Subscribe to our Payments Bulletin.
It's free!
Sign Up
Name
Email
We make digital payments easy, accessible, and secure with the help of next generation technology
About Pay10
Contact Us
India
About us Solutions Payment Gateway Partner with us
Careers
Contact us
Follow us
© P A Y 1 0 T E R M S & C O N D I T I O N S | P R I VA C Y P O L I C Y | C U S T O M E R G R I E VA N C E S P O L I C Y
Overview
Our Board
Our Team
Our Journey
Vision & Mission
Online Payment
Invoicing
Payment Links
Payouts
Billing
Payment Gateway
POS Terminal
Document
All Plugins
India Office:
4 Ring Road, Lajpat Nagar
4, Delhi 110024

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www-pay10-com-blog-payment-gateway-for-streamlined-payment-processing-php.pdf

  • 1. Payment Gateway 30th Mar 2023 Payment Gateway- Resolving 4 major merchant pain points Payment Gateway for Streamlined Payment Processing Payment Processing Fee Security Payment- previously an invisible part of the transaction process, has become an industry with significant geopolitical impact. ‘Cash or Card?’ The question has gradually fallen out of practice from the common vernacular, as QR (Quick Response) codes became a popular choice, with the introduction of digital payments. The number of payment modes available to a customer in the marketplace has been on the rise, with the pandemic fueling the demand to make payments easy and contactless. Payment Gateway offers the right solution for unifying diverse Payment Modes and streamlining Payment Processing. Online Payment Processing is a fairly new practice for businesses. The escalating demand to quickly adapt contactless payment created several new payment modes but processing the same requires addressing multiple pain points for the end-user and the merchant. Here are 4 major pain points resolved using a Payment Gateway to help streamline Payment Processing for a business. Payment Gateway charges are one of the major pain points put forth by the merchants. Let us understand the concept of transaction fee and what it represents. There are 5 entities in an online payment- payer, receiver, acquiring bank, issuing bank, and a payment processor to hold the rest of the 4 entities together, facilitating the transaction. The Payment Processing Fee refers to the charge levied by the Payment Gateway for facilitating smooth transaction of money between all the parties involved. The charges levied by the Payment service provider depend on 4 major factors- Payment Mode, Risk of transaction, Currency conversion fee, and transaction fee. Pay10 Payment Gateway is designed to keep the transaction fee economical and transparent. We offer competitive pricing, so the merchant does not have to compromise on profitability and ROI (Return on Investment) when accepting online payments. Payments Verticals Resources Partner with us Careers Contact us
  • 2. Pay10 Payment Gateway provides the best security features for all businesses & merchants: Integration Dynamic Routing Frequently Asked Questions End of Blog Online Payment requires sensitive information to be stored and shuttled around between several parties, to enable digital payment transactions. The rise of innovative technologies also harbors the threat of fraudulent activities. A reliable and secure Payment Gateway is essential to smooth payment processing and protecting sensitive customer information. The risk of fraud and security breaches is a primary concern for businesses when handling sensitive customer information, Payment Gateways are mandated to employ reliable security features to prevent fraud and protect customer information Server hosted with AWS (Amazon Web Services), reliable cloud provider offering unparalleled data security. Transport Layer Security (TLS) to encrypt information exchange. CoFT (Card on File Tokenization) implemented Payment ecosystem with enhanced checkout experience. Strong network security controls for efficient management and cyber-attack prevention. Secure Data Storage and Access Control for convenient data storage with better integration. Strict in-house security guidelines that ensure confidentiality of your customers’ information. Payment Gateway integration used to be a challenge as traditional payment processors require complex integrations, lengthy coding process, and resource intensive maintenance. With advancement in Payment Technology, most sophisticated Payment Gateways require zero coding and hassle-free integration to function in existing systems. The cloud infrastructure offers cost efficient and scalable solutions for all businesses. Pay10 Payment Gateway offers a secure and scalable cloud platform for businesses to accept payments online via. multiple payment modes such as Credit/Debit Card, Net Banking, UPI (Unified Payments Interface), Wallets, etc. It requires zero coding and allows hassle-free integration with merchant’s existing platforms. Pay10 Payment Gateway is a device agnostic platform that seamlessly supports multiple interfaces. Payment Gateway success metrics depend on certain influential factors, one of them being dynamic routing. Payment Gateway automatically routes payments to the correct account, managing multiple payment channels and accounts. Efficiently routing a transaction through the right channels reduces the errors and churn rate, thereby contributing to payment success rates. Pay10 Payment Gateway is designed to support dynamic routing allowing every transaction to choose the channel for the highest probability of success. Based on real time monitoring, if the default channel chosen by the merchant is experiencing downtime, the Payment Gateway switches to the best performing channel leading to higher success rate. Choosing the right Payment Gateway for a business is crucial to streamlining the payment processing. Moreover, it offers reliable payment experience for the end-user. Pay10 offers Payment Gateway with a whole range of features and benefits that can easily Links, Billing pain points experienced by businesses and merchants. Pay10’s ultra-efficient Payment Gateway with top-of- the-line security features, supports several payment modes, and powers an analytical dashboard; Payment Links, Billing service, Reseller services, Payout services, and more. ▶ Why do businesses need a Payment Gateway? ▶ What are the key security features to look for when choosing a Payment Gateway? ▶ Why choose Pay10 Payment Gateway?
  • 3. Sign up now! Subscribe to our Payments Bulletin. It's free! Sign Up Name Email We make digital payments easy, accessible, and secure with the help of next generation technology About Pay10 Contact Us India About us Solutions Payment Gateway Partner with us Careers Contact us Follow us © P A Y 1 0 T E R M S & C O N D I T I O N S | P R I VA C Y P O L I C Y | C U S T O M E R G R I E VA N C E S P O L I C Y Overview Our Board Our Team Our Journey Vision & Mission Online Payment Invoicing Payment Links Payouts Billing Payment Gateway POS Terminal Document All Plugins India Office: 4 Ring Road, Lajpat Nagar 4, Delhi 110024