What are the different types of payment gateways?
Curious about Payment gateway
In the Indian context, there are primarily two types of payment gateways:
1. Redirect Payment Gateway: This type of payment gateway redirects the user from the merchant's website to the payment gateway's page to complete the transaction. Once the payment is made, the user is redirected back to the merchant's website. Examples of redirect payment gateways in India include BillDesk, PayU, and CCAvenue.
2. Integrated Payment Gateway: Integrated payment gateways allow users to make payments without leaving the merchant's website. They provide an embedded payment form on the merchant's website, allowing users to enter their payment details and complete the transaction seamlessly. Some popular integrated payment gateways in India include Razorpay, Instamojo, and Paytm.
Both types of payment gateways facilitate secure online transactions and support various payment methods, such as credit/debit cards, net banking, and mobile wallets, to cater to the preferences of Indian customers.