Payment Gateway Development

Explore how payment gateway development empowers businesses to access global markets, enhance transactions, and scale their reach faster than ever

The fintech market is one of the most rapidly growing markets worldwide and is projected to reach $492 billion by 2028, growing at a CAGR of 16.8% according to exploding topics. These forecasts gave rise to a number of fintech development challenges, with online payment gateway development sharing most of them. In this blog we will cover payment gateway devices and features with tech stack in detail.

Payment gateway development entails creating a secure, efficient and dependable system that facilitates online transactions, acting as an intermediary between the merchant's website or application and the financial institutions. The payment gateway enables automatic exchanges of payment data, ensuring that funds flow securely, authorized, processed, and settled from the customer’s bank account to the merchant’s merchant account. Our developers are required to deal with technical details such as API integration, transaction processing logic, and real-time payment information verification, while ensuring seamless user experience and adhering to regional compliance/security requirements.

Whitelabel Payment Gateway Software Solution

whitelabel online payment gateway software solution means you hire and team up with software developers, and possibly other technology specialists, to build software for you.This solution is 100% customized to your business. Our whitelabel payment app development solution is the best option, due to how low the cost of developing a payment gateway is and the fact that businesses use the solution along with development resources and need to go to market quickly.

Our payment gateway and processing development services

Payment processing software: We design fully working, tailor-made payment applications that process purchases, sales, transactions, refunds, recurring payments, and generate data reports that create a data-driven culture and empowered decision-making.

EMV development services: We develop EMV compliant apps that will allow EuroPay, MasterCard and Visa transactions to be integrated into your solution for mobile wallets and POS terminals.

Payment security improvements:Every payment processing or gateway app we build is developed from the ground up to meet today's security standards, regardless of which region.

Cyber defense: Allowing cyber threats will be consistently growing to affect organizations but we put the latest governance, risk, and compliance tools to use to protect you and your clients from malicious actors.

(M)POS systems: We both develop and integrate regular and mobile points of sale capabilities to unique NFC terminals and smart devices ensuring they are compatible with most contactless payments and mobile wallets.

Highlighted Features included in Payment Gateway Development

Payment request UI- This is the portion of the payment flow that users interact with to enter their payment information, such as credit card numbers, bank account numbers, or digital wallet credentials. It is usually presented as a page or a payment form, and the user enters the requested information and completes their payment.

Encryption and security- Payment gateways perform encryption using strong protocols of data transmitted at the time of the payment.

Transaction routing- After the payment information has been received, the gateway passes on the transaction to the appropriate processor or acquiring bank. This step entails securely routing the payment data, which has already been encrypted, through many networks to reach the payment processor.

Payment processor integration - The payment gateway must be integrated with 1 or more payment processors or acquiring banks. The system has to communicate with the issuing bank of the customer as well as the acquiring bank of the merchant for funds to move.

Response handling - After the transaction has been processed by the payment processor, it sends back a response to the payment gateway. That response has to be sent from the gateway to the merchant and to the customer saying if the transaction was approved or declined.

Fraud prevention- These systems look at multiple data points and patterns in order to detect potentially fraudulent transactions, and assist merchants border with chargebacks and resulting financial loss.

Payment method support- This method must be able to support various payment methods, including credit/debit cards, bank transfers, digital wallets like PayPal, Apple Pay, Google Pay.

Payment confirmation- The payment gateway sends confirmation messages to the merchant and the customer after a transaction has been completed. This confirmation has transaction ID, amount, and date/time.

Payment gateway API- Most payment gateway systems provide APIs which allow merchants to implement the payment system into their website or application, thus offering users a seamless payment experience.

Required Technology Stack for Payment Gateway Development

Databases/Data Storages-MySQL , ORACLE , PostgreSQL, MongoDB
Cloud Databases, Warehouses & Storage -AWS , Azure, Google Cloud Platform
Back-end Programming Languages -.Net , Java , Python , NodeJS , PHP , GO
Front-end Programming Languages -HTML, CSS, JS , Angular, React, Vue.js
Real-Time Data Processing - Kafka, RabbitMQ, Amazon Kinesis
DevOps-Docker, Kubernetes
CI/CD Tools -AWS Developer Tools , Azure DevOps

Why choose Plurance for Payment Gateway Development ?

Plurance is a prominent Payment Gateway Software Development Firm, assisting thousands of customers in unblocking their digital funds. Whether it is creating a p2p payment app or adding a payment gateway, our team has the technical expertise and the command of the ideas that can empower you to push your business to the next level. If you wish to develop a payment gateway, our team will be glad to answer any questions you may have.

How Can We Build Something for You?

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