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How Online Payment Works ? – All You Must Know About Online Payments

We all have played the game relay when we were young. Like, how we used to play relay, in the same manner a net payment gateway works. Here, the relay game takes place between the merchant bank and e-commerce merchant account affiliated website. This further is connected to a huge network of credit card issuing banks. Encryption is one of the main functions of an online credit card gateway payment besides communication.

The technology used by the payment gateway to work is the SSL 128 bit encoding. This is technically done to encrypt and decrypt all the data that is sent through the system while in performance. The main critical part to be taken care is the security and safeties while the entire process. Without the encryption of the data, all the information of the card user could be stolen easily and can be used illegally and further will fail the system entirely.

Such payments are bringing in a new level of convenience for the business enterprises through electronic and online payment system. Due to the high security provided by these payment gateways, the business enterprises now freely concentrate on their own business rather than thinking more about the safety of the feature.

The need of payment gateway for tech support, IT support, sales support, and import export support, etc. is mainly 24*7 as the world has got different time zones. For this the companies who go global need to offer products and services 24*7. For this the payment gateway operates 24*7.

Process of payment gateway for tech support

  1. The user can go through the company’s website and select the services and goods online and the same shall be updated in the cart.
  2. This cart can further add or deduct the products as per the users’ need.
  3. Once the user has completed his shopping, the checkout cart directs him to the payment gateway.
  4. The user then has to enter his card details.
  5. All the process shall be completely secured and once the user has paid the amount, he is redirected to a page where he shall find the payment receipt.
  6. The receipt confirms the payment and the user has to save the same for future reference. The money is directly credited to the merchant’s account as soon as the payment is done. This saves a lot of paper work and time and the entire process can be tracked whenever needed.
  7. The payers IP address can also be tracked if at all needed. This makes the entire process secure.

Outsource the project to professionals

Being very easy to understand as the process comes with guidelines written in simple language, anyone can make the use of the system. There are many packages available on the internet which a merchant can buy according to his needs. A big company can also order for a customized package if needed. An entire team is not at all needed to be signed up for this system. A company can outsource the project to professionals and they shall look into the matter regularly.

Job of the businesses easier

This further makes the job of the businesses easier as they can concentrate on their main work rather than looking into something completely new for them.

Hence the market of payment gateway is been adopted by mostly all the companies whether small or big for expanding their business globally to earn better profits and make goodwill.

Video Might Help

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Ustream’s New Live-Broadcasting SDK Lets You Build Your Own Meerkat

Call it a sign of the times: hot on the heels of Meerkat’s sudden boom in popularity among techies and Twitter’s kneecapping of the service as SXSW began, live-streaming startup Ustream is opening its internal API to the public so that anyone can build their own Meerkat-like broadcasting app.

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Timing aside, it’s a natural progression for the company, which shifted its focus to providing live-broadcasting-as-a-service for enterprises early last year. Businesses (including TechCrunch) have used Ustream to host “town hall” events for employees working from a distance, as well as for showing live footage from large events like Disrupt.

Previously, that worked via companies pumping their video in one end and distributing it via embedded media players hosted on web pages. Now, any developer will have access to the input and output ends of that broadcasting infrastructure, giving greater control for the previously mentioned use cases, as well as the ability to build apps that draw in and distribute footage from many more sources, as we see on Meerkat (and for beta users, Periscope) today.

In a phone conversation earlier today, Ustream CEO Brad Hunstable told me the API will be free for developers building their apps while they’re in testing and for release if they’re willing to have Ustream-owned ads run on top of broadcasts. Paying for premium access on top of the API will cut them out, as well as give access to Ustream’s advanced analytics packages.

If you’re hoping there’s still time to crank out a Meerkat clone while the SXSW iron is still hot, reset your expectations. Hunstable says the API is going to be available to everyone in the coming weeks, but at first it’s going to roll out by invitation only. Interested parties can register their interest on Ustream’s site, and Hunstable says they’ll try to quickly open access to those with ideas that uniquely leverage the platform’s live-broadcasting capabilities.

What kinds of apps might earn early access? Hunstable told me Ustream has long been interested in apps that enable more unique citizen journalism, and is excited to see what ideas are built around live engagement at sporting events and concerts.

Article Source : Techcrunch.com