Online Credit Card Processing Solutions

India has one of the fastest growing and largest ecommerce industries in the world. Several factors are known to have contributed to the growth and expansion of this industry in India. This has also resulted in the increased use of alternate payment methods, especially credit cards. Ecommerce businesses are in increasing need for effective and safe online credit card processing systems for improving overall customer experience on their website which is multi-beneficial for the merchant.

According to statistics from Statista, there are 462 million and more internet users (as of 2016). The report shows that the portion of online shoppers composed of around 44% of the total internet users. The ecommerce retail (or ‘E-tail) sector in India recorded the largest sales with around $16 billion in annual revenue of 2016. This annual revenue is set to increase to over $45 billion by 2021.

One of the major contributors to the higher rate of growth and popularity of online shopping amongst Indian consumers is the ease of payment provided by the increasingly popular credit cards. Banks and merchants are now offering numerous lucrative schemes for credit card users which is one of the major factors for the remarkable increase in use of credit cards in India. According to a report by the RBI (Reserve Bank of India), there are nearly 25 million credit cards issued in India. The report also showed that around 380,000 new credit cards were issued between March 2015 and March 2016. The number of transactions through credit cards also grew significantly (around 27% in 2016) with over 72 million transactions performed amounting to over $3.35 billion.

These are the major factors which have raised the demand for efficient and secure online credit card processing systems from small and large ecommerce businesses. Leading companies, such as Ingenico ePayments India Private Limited are prominent providers of advanced and efficient online payment gateway systems which allow for easy and safe credit card payment over the internet.

These are some of the innovative features and aspects that make Ingenico ePayments India Private Limited the top choice for an effective online credit card processing service:

Fastest integration

Ingenico ePayments India Private Limited online payment gateways are designed using advanced API which makes the online payment gateway services easy-to-integrate into existing ecommerce platforms. The client (ecommerce merchant) is able to integrate and launch the advanced payment gateway service within just 24 hours of on-boarding. The client does not need to intervene and the integration process is done automatically. This allows the client to accept credit card payments through the advanced online credit card processing features provided in the payment gateway.

Diverse payment methods

The efficient online payment gateway services allow the client to accept credit card payments being made from globally renowned credit card issuers, such as MasterCard, Visa, American Express, etc. The end-customer can make credit card payments in their local currency and the highly-efficient DCC (Dynamic Currency Conversion) feature accepts payments in major internationally popular currencies, such as USD, Euro, GBP, INR, AUD, etc.

Ingenico ePayments India Private Limited has been providing advanced online payment gateway services for more than 12 years now. The company is renowned for offering completely customized service package which gives the safest and most efficient online credit card processing functions.