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ISSN : 0976-8491(Online) | ISSN : 2229-4333(Print)www.ijcst.com
E-commerce payment gateway is the access point to the onlinebanking network. All online transactions must pass througha payment gateway to be processed. The payment gateways
act as a bridge between the user’s website and the nancial
institutions that process the transaction. Gateways processthe different transactions between user and web browser. Apayment gateway authenticates and routes payment. In thispaper we have focused on different e-commerce paymentgateways, and also have a deep comparative study, analysisof different online Gateways. An Internet e-commerce paymentgateway is a critical infrastructural component to ensure thatsuch transactions occur without any hitches and in total securityover electronic networks.
Ecommerce payment Gateways, CCAvenue Gateway, Paypal,DirecPay, EBS, ABC Payments, HDFC , ICICI Payseal, TransecuteGateway.
Comparison of Different Payment Gateways
The criteria that are important while evaluating a paymentgateway: In this paper we have described comparative studyof different e-commerce payment systems which are:1. CCAvenue Gateway2. Paypal Gateway3. DirecPay Gateway4. EBS Gateway5. ABC Payments Gateway6. HDFC Gateway7. ICICI Payseal Gateway8. Transecute GatewayDifferent criteria and services are described belowthrough the comparative study of payment gateways .Allthese payment gateways focus on different factors assecurity, cost, support, dispute resolution, internationalpayments, transaction time, supported banks andtools and features. These are shown below in tabulationrepresentation.
S.NoGat ewaysSecurityCostCustomerCare &SupportDisputeResolutionProcessing throughInternati-onalPaymentsReal-time &TransactionTimeReporting Support forMultiple BanksTools andFeaturesOffered1CCAvenueGateway1.Security
2. Riskmanagementtools3. FraudFilters1. Rs7,500 asonetime non-refundableset up fees2. with 7%transactionfees forcards or3. 4%transactionfees for netbanking and mobilepayments+ Rs 1200as annualmaintenancecharge1. Commerceserviceprovider,2. Real TimeTransactionsand response3. ProvideTechnicalsupport4. Support fornet banking transactions5. Support24*71. Streamlinedisputeresolutionprocessesthroughthe use of automatedtools topreventinvalidexceptionitems.VISA,MASTERCARD,AMERICANEXPRESS,DINERSCLUBJCBCARDSCITY BANKECARDS,DISCOVERNOVUS,CARTEBLANCHE,1. Optimumtransactiontime : Thetransactionis completedbetween 30seconds anda minute.2. Thisenables thewebsitesto transactand acceptpaymentsonline and inreal time1. HDFC2.Bank of Rajasthan3. ICICI4.Kotak5.Citibank6.OrientalBank of Commerce7. Axis8. Jammu& Kashmir9. IDBI10.CorporationBank11.Standardchartered Bank16.CenturianBank of Punjab17.State Banks18.HSBC19. Union Bankof India20. PunjabNational Banketc.1. creditcards, debitcards, netbanking,mobilepayments,cash cards2. DebitCardAcceptedas: VISA ,MASTERCARD3.
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The Comparative Study o Diferent E-CommercePayment Gateways
Dr. U.S. Pandey
Jagannath, University Jaipur, India2Open learning Delhi University, Delhi, India