How Payment Gateway Aggregator Can Simplify Your Online Payment Process?

payment gateway aggregator

How Payment Gateway Aggregator Can Simplify Your Online Payment Process?

If you manage an internet business, you know how difficult it can be to accept payments. Thankfully, payment gateway aggregators have become a potent tool for streamlining the payment process. You can take a variety of payment methods from your consumers, which links your company and several payment gateways. You can simplify your payment process, save transaction costs, and enhance client satisfaction with the help of this potent tool. This post will examine payment gateway aggregators in more detail and consider how they might help your company. So let’s dive in and learn more about the benefits of this cutting-edge payment method!

How Payment Gateway Aggregators Work

Payment gateway and aggregator are frequently used interchangeably and have different meanings. The following are the general procedures followed by an Indian payment gateway aggregator:

Payment gateways typically collaborate with the bank(s) that operate behind the scenes to establish merchant accounts.

The underlying bank must coordinate the underwriting procedure and fund transfer process, which is frequently difficult when so many merchants apply for these accounts to accept payments online.

When a customer completes the checkout process and enters their payment information, the integrated payment gateway tokenizes it and performs a fraud check.

The acquiring bank or acquirer for the payment gateway aggregator then validates and delivers the customer information to the relevant card company using a payment processor. (Mastercard, VISA, etc.).

After authenticating the card and performing a fraud check, the company transfers the data to the issuing bank via the payment processor.

In this instance, the customer’s bank acts as the issuing bank, confirming the information and ensuring the account has sufficient funds. Based on the fund balance, it sends a refuse or permission message to the card network.

Features of Payment Gateway Aggregators

Payment gateway aggregators are critical tools for Internet merchants who want to accept several payment methods. Payment gateway aggregators’ primary features include:

The payment gateways they support;
The payment options and currencies they accept;
Payment gateway aggregators security measures.

Using a payment gateway aggregator, you may easily accept payments through many gateways, such as credit cards, debit cards, e-wallets, and even cryptocurrencies

Payment gateway aggregators accept various payment methods and currencies, making it easier to conduct international business.

Furthermore, modern security features such as tokenization and encryption ensure your client’s payment information is safe and secure

Instant refund processing

Simple to open a merchant or sub-merchant account and begin taking payments from consumers.

Timely settlements (standard or instant)

Fraud detection and prevention using sufficient payment security mechanisms (they also report cybersecurity breaches to DPSS and CERT-In)

Dedicated merchant support

Popular Payment Gateway Aggregators

Selecting the appropriate payment gateway is essential for your online company. Deciding which payment gateway aggregator services are necessary for your business may be difficult when so many options are accessible. To assist you in making a wise choice, we’ll showcase some of the most well-known payment gateway providers and their capabilities.

Payment gateway providers in demand include:

  • PayPal,
  • Stripe,
  • Authorize.net,
  • Fidypay.

These prominent payment gateways mentioned above provide these functions:

Easy access to your website,
A straightforward checkout experience,
Many payment alternatives,
Safe payment processing.

Due to its intuitive layout, customized payment forms, and quick payment processing, Fidypay stands out. You may choose the best payment gateway aggregators for your business by looking at the characteristics of these well-known vendors.

Selecting the Ideal Payment Gateway Aggregator for Your Company

Choosing your company’s best payment gateway aggregator may significantly influence your income and customer experience. Some points to remember for choosing the right payment gateway aggregator include:

With so many options, it’s important to evaluate the features and costs of each payment gateway aggregator before selecting the one that best suits your business’s requirements.

The types of payments accepted, transaction costs, security features, integration possibilities, and customer service are all important considerations when choosing a payment gateway aggregator.

It’s also critical to consider your client’s demands, such as preferred payment methods and simplicity of use.

Finally, selecting the correct payment gateway aggregator may help speed your checkout process, improve security, and deliver a better client experience. By researching and evaluating possibilities, you can make an informed selection that will benefit your business for years.

Integrating a Payment Gateway Aggregator with Your Website or E-commerce Platform

Although integrating a payment gateway aggregator with your website or e-commerce platform might be difficult, it is necessary to guarantee that your clients’ transactions are quick and safe. An instruction manual for incorporating a payment gateway aggregator is provided below:

Step 1:  Selecting a payment gateway aggregator and set up an account;

Step 2: Generating API keys and configure a setting

Step 3: Integrating the payment gateway with your website or e-commerce platform

Step 4: Test the payment gateway aggregator with a modest number of transactions.

 Step 5: Going live and monitoring transactions, respectively.

To ensure a seamless connection, follow these recommended procedures:
Thoroughly test the system to verify that error handling is in place;
Safeguard client data with secure protocols and encryption;
Routinely monitor transactions and swiftly fix any concerns.

Businesses should provide frictionless checkout experiences for customers.

Adhere to the guidelines and documents provided by the payment gateway provider;

Conclusion

Your website or e-commerce platform must integrate a payment gateway aggregator to guarantee that your clients’ transactions will be quick and safe. To guarantee ongoing success, it’s critical to analyze transactions frequently and deal with any problems as soon as they arise with a trustworthy payment gateway provider. Consider using FidyPay if you seek a trustworthy and straightforward payment gateway provider. You may experience a seamless and trouble-free payment process with FidyPay, first-rate security, and customer assistance. Why then wait? Join FidyPay today to take advantage of this cutting-edge payment gateway aggregator.

Related Blog

what are aisp pisp

What are AISP and PISP? And Their Working Approach

Open Banking is one of the most appreciated evolutions in the financial world. It contributes immensely to improving the budgeting and payment solutions for businesses and individuals. Not just that, Read more…

VPA in UPI

VPA in UPI: What It Is and How it Works

Are you tired of waiting in long queues to make transactions? Do you want to book movie tickets and pay your bills at your nearby store, all through a single Read more…

best upi app in india

Discover the 9 Best UPI Apps in India for Convenient and Secure Payments

India’s digital payment revolution has been ignited by the widespread adoption of the Unified Payments Interface (UPI) technology, which has transformed how transactions are handled throughout the country. The quick Read more…

eNACH Registration

A Complete Guide to eNACH Registration: How to Register and Its Benefits

Do you want to avoid the inconvenience of paper-based transactions? Is saving time and money your priority? eNACH registration is the solution. eNACH or Electronic National Automated Clearing House is Read more…

prepaid cards for employee expenses

Providing Prepaid Business Cards for Employee Expenses: Is it the Right Bet?

When you are running a well-established business, there will be a time when you have to hand out company funds to your employees for executing the dedicated operations or to Read more…

UPI intent flow

Learn the Efficacy of UPI Intent Flow for Businesses to Deliver Optimal Customer Experience

UPI states the next era of India’s digital payment landscape. And it introduced the concept of intent flow. With the UPI intent flow, your business will be able to provide Read more…

Recharge APIs

Recharge API: Everything You Need to Know for Seamless Transactions

Mobile phones are now part of everyone’s day-to-day life, and accessibility to the internet and communication is hassle-free. And with the thriving technologies, people are now looking for ideal ways Read more…

Best Pay Later Apps

Explore the World of Best Pay Later Apps in India in 2023

Are you tired of worrying about paying for your online shopping upfront? Well, the solution to your worries is here – deliver later apps! These apps allow you to buy Read more…

GET IN TOUCH