Indubitably, when setting up an eCommerce site, there are a lot of things to consider. After developing the site and adding a shopping cart, you need to decide the payment gateway to attach with your site and confirm the order from the different payment gateways in Ghana.

In this article, you will learn about what a payment gateway is and the steps it will take to process the payment from the buyers.

A payment gateway is a service that manages the technical and complex process of encrypting and verifying the customer’s payment card and then transferring the funds from the customer to the retailer.

Moreover, a user will never directly interact with the payment gateway since it works in the site’s background. Rather than that, the user is directed to the checkout page where the retailer asks for the relevant data such as customers, name addresses, and credit card details.

There are several payment services providers available online, and most of them already have the many payment platforms in Ghana built-in, tested and ready to add on your site. Once the user confirms the data, the user’s details are encrypted using SSL and sent to the retailer server.

• After this, the retailer sends the encrypted information to the payment gateway.
• Firstly, the gateway will forward the transaction details to the retailer’s bank.
• Then the gateway will contact the payment card issuer with the credit card details.
• Then the card issuer will forward the details to the bank and decide whether they can process the transaction or not.

After the bank makes a decision to allow or decline the transaction, the bank sends a response back to the payment gateway, and they will give the site the answer where it will be forwarded to the customer. After the products are shipped, the retailer will be able to submit a settlement request to their bank.

Then the acquiring bank will transfer the money to the retailer’s selected account. However, if you hire a payment service provider to provide a payment gateway can take the trouble out of developing an online business. It will make the process straightforward for the retailer and the transaction protected for the customer.

Lastly, this short article describes the information you need to know about the payment gateways in Ghana, how they work. However, knowledge about payment gateways is crucial before developing a site that includes payment and transaction processes