Credit Card Payment Pakistan

The integration of a credit card payment processing systemin your business website enables visitors to purchase your offerings easily and quickly. For a long time, the concept of online business was something very few merchants in Pakistan took advantage of. However, with the proliferation of the internet and credit card providers in the Pakistani economy, payment gateways received the momentum they needed. Many enterprises in cities like Lahore, Karachi and Islamabad have jumped onto the payment gateway bandwagon and have started reaping the benefits.[br]

The integration of a credit card payment processing systemin your business website enables visitors to purchase your offerings easily and quickly. For a long time, the concept of online business was something very few merchants in Pakistan took advantage of. However, with the proliferation of the internet and credit card providers in the Pakistani economy, payment gateways received the momentum they needed. Many enterprises in cities like Lahore, Karachi and Islamabad have jumped onto the payment gateway bandwagon and have started reaping the benefits.[br]

Credit Card Payment Pakistan: The Gateway Concept

·        A payment gateway is the interface between an ecommerce website and your financial institution.

·        A payment gateway secures sensitive data, like credit card information, by encrypting it.

·        A payment gateway passes the encrypted information to the bank and in the process prevents any unauthorized access.

Credit Card Payment Pakistan: Online Transaction Process

Let us explore the steps involved in an online transaction:

·        You place an item in the shopping cart, similar to what you would do at a supermarket.

·        Once you proceed to checkout, your information is encrypted with the help of Secure Sockets Layer (SSL) encryption.

·        After encryption, the information is routed to a payment gateway service, which further routes the information to the concerned bank or financial institution.

·        The amount gets deducted from your account and credited into a merchant account.

·        Once the merchant account gets credited, the merchant downloads the amount from the merchant account to a business account.

 

Credit Card Payment Pakistan: Selecting the Right Payment Gateway[br]

If you are a merchant looking to integrate a payment gateway to your online store, here are some pointers to help you select the right payment gateway software:

·        Ensure that the payment gateway is compatible with your shopping cart software.

·        Most gateway providers charge a service fee. So, shop around a bit and land the best possible deal.

·        Opt for a reputed company like PayPal. That said, you should explore other options as well.

·        Read the fine print before you sign. The service rates may vary in many cases.

 

 Find out more about Pakistan Credit Card Payment.