A payment getaway is software that allows merchants to integrate e-transactions for their e-commerce website. They support lots of common financial systems such as Visa, American Express, and MasterCard and so on. There are a variety of different payment gateways to set up online payment with. Paypal, WorldPay, Google Checkout, direct VISA / MasterCard payment, etc., are some of the popular gateways for online payments. Each payment gateway has its advantages and disadvantages and varying charges. Furthermore, some payment gateway may not be supported in some countries. For example-Google Checkout is only available in US and Canada.
HOW TO INTEGRATE PAYMENT GATEWAY
If you want to add a payment gateway to your business website, PayPal might be the first option that pops up as it’s known to be reliable and many people across the world have PayPal accounts. Additionally, PayPal monitors all activity around the clock in terms of security and provides advanced encryption for fraud protection.
Let's Know How Do I Integrate Paypal Into Your Website?
One of the best and the simplest way to integrate Paypal payment to your site is by integrating direct Paypal “Buy Now” button. For this, you just need to add a code in your HTML web-page which will look like this:<form name="_xclick" action="https://www.paypal.com/cgi-bin/webscr" method="post">
<input type="hidden" name="cmd" value="_xclick">
<input type="hidden" name="business" value="me@mybusiness.com">
<input type="hidden" name="currency_code" value="USD">
<input type="hidden" name="item_name" value="Sofa Set">
<input type="hidden" name="amount" value="200">
<input type="image" src="http://www.paypalobjects.com/en_US/i/btn/btn_buynow_LG.gif" border="0" name="submit" alt="Make payments with PayPal - it's fast and secure!"> </form>
Keep in mind this code will generate a button like “BUY” which can be used by your customers to make payment. You can integrate any payment gateway of your choice.
PayPal Express Checkout Fee Structure
When the buyer clicks “Check out with PayPal”, he or she will see a popup where the user needs to log in to their PayPal account and authorize the amount needed. Upon payment completion, the buyer is taken back to the site where they normally see an order confirmation page.
How Much Does PayPal Charge?
Remember setting up a PayPal account is 100% FREE but PayPal charges you per transaction occurred (3.4% of the total sale amount + a fixed fee of S$ 0.5 per transaction). However, you can get better rates as your sales increase. If you are receiving payment through PayPal, then the money will be stored in your PayPal account first, and you can periodically transfer the money into your bank account.
These days one of the most essential aspects for online businesses is processing payments. It is the vital and final step that makes sure the success of your product or service. Therefore payment solutions must be end-customer friendly as well as must provide checkout experiences that are efficient and secure.