Until recently the biggest problem with e-commerce in India was accepting payments on the website.

This has changed forever. Now banks and financial institutions and electronic commerce friendly and so is RBI.

Many solutions are available in the market that allow you to receive payments on the Internet website from credit cards, debit cards and even net banking electronic transfers.

Some facts about accepting payments online :

The Purpose of this section is to serve as ready reference to common questions asked about accepting credit cards on your website:.
 

	Which Credit Cards can be accepted on website ?
	Any other Cards (Debit Cards) accepted  ?
	Is Net banking accepted (Direct account to account money transfer) ?
	Which Bank provides this services ?
	How will I get the money in my local account  ?
	How much commission is charged by the bank on transactions ?
	What is the Setup Fee ?
	Any hidden Cost or Recurring Costs ?
	How Secure is it ?
	Do I need  Verisign certificate or SSL  or anything on my website ?
	What about online Statement and accounting  ?
	What about Integration of payment gateway with my shopping cart ?
	How Does this work ?

 

Which Credit Cards / Debit Cards can be accepted on website ?

MASTERCARD credit cards or debit cards VISA credit cards or debit cards JCB credit cards AMERICAN EXPRESS credit cards or debit cards Diners Club Cards Citi Bank E-cards  or debit cards issued anywhere in the world

 

Is Net banking accepted ?

▪ HDFC net banking (Direct account to account Money transfer)  ▪ CITIBANK  ▪ CENTURION  ▪ ICICI INFINITY will be accepted shortly.

 

Which Bank provides this services ?

Many banks and other Master merchants provide this service. More and more companies are in the process of providing and its an opening market,

 

How will I get the money in my local account ?

▪ If you have account with ICICI / HDFC / Centurian Bank / IDBI /  bank or any other networked bank:  The money is credited into you bank account. ▪ If you do not have account with a network bank , DD can be sent to you fortnightly  to your address.

 

How much commission is charged by the bank on transactions ?

▪ 7 % of the amount transferred from users Credit Card to your account. ▪ 4 % of the amount transferred from users bank account to your account using netbanking. ▪ These are tentative figures subject to change depending on competition etc.

 

What is the Setup Fee ?

▪ Rs. 7,500/- (one time) setup is charged by Master Merchants ▪ Rs. 3000/- (one time) setup is charged by us for Integration of your website with PGS  ▪ Rs. 1200/- per year service charges

 

Any hidden Cost or Recurring Costs ?

▪  You should verify with your service provider before you sign-up : ▪  No hidden Costs. ▪  No Transaction charge ▪  No Minimum transactions per month

 

How Secure is it ?

Contrary to media myth, computer-to-computer transactions using secure servers are generally considered very safe indeed - certainly as safe as, or even safer than, transactions which rely on signatures on bits of paper or card details dictated across a potentially open telephone line.  128 bit Verisign secure socket layer (SSL) for encrypting credit card numbers during transmission. To put this into non-technical terms, it would take 340,000,000,000 years for today's fastest computers to crack Verisign SSL Verisign.