Payment gateway

I need to integrate a payment gateway in my web application. I am negotiating with PG to get the most suitable offer. Most of them have:

  • Installation fee
  • Annual / monthly fee.
  • For transaction fees (1% -5%)
  • The rule of thumb is more installation fees, lower fees.

My question here is: "Are payment gateways mandatory?" I used several sites, such as ebay, flipkart, amazon, etc., which take credit card information directly on their portal, allowing it directly from the bank, bypassing third-party payment gateways. (This is how it looks.)

  • What is going on behind the scenes here? What is the process of accepting payments directly and authorizing it from the bank?
  • What preliminary transaction volume is needed to make the above scenario profitable?
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1 answer

I worked for bluesnap (formerly called Plimus), which is an online payment processing company. A payment processing company is a company that authorizes and charges a credit card from processing gateways.

Many people confuse payment processing companies with processing gateways. As a small business, you can either use one of the payment processing companies or use self-service, such as Authorize.net, Paypal, etc.

There are many resources on the Internet that explain payment processing, but I don’t think it will be very interesting to read if you do not decide to create your own gateway ...

To work directly with one of the gateways, you need to process millions of transactions per day, which I do not think you have the capacity.

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Source: https://habr.com/ru/post/919473/


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