Internet Payment Gateways - Should You Make Your Own In-house

Internet Payment Gateways - Should You Make Your Own In-house

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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 merchant’s 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 give the net savvy customer a feel that you have taken the trouble of developing your own secure software instead of just getting one off the net. It will also merge with your site design instead of displaying other third party ads and logos on your site.

It may cost you a little more, but you will be offering your online customers a sense of security and will have full control of the software. So you will not have to wait for the third party to wake up to rectify any fault in the online processing solution they have set up for you.