Choosing The Best Payment Gateway in The UAE

Payment gateways are important because they support online payments for businesses as well as customers. It is used by the merchants for accepting the debit and credit purchases from the customers. Payment gateways have a point of sale terminals used to accept credit card information by card or by smartphone in the physical stores. Whereas in the online stores, payment gateways are checkout portals that will be used to enter credit card information. There are also some payment gateways that will facilitate payment in cryptocurrencies.

Working of a payment gateway

The customers will go on to the page of payment after choosing the product or service. Most of the payment gateways give a lot of options for the payment page. Let us see some of the payment pages according to business requirements.

1. Payment page which is hosted

A hosted payment page is a page where the customers will be redirected at the time of checkout. The payment gateway will receive the transaction data before it is passed to the acquirer. The hosted payment page will lessen the PCI burden for online merchants if they don’t collect and store the data of the cardholder on the server.

2. Integration from Server-to-server

A server to server integration allows the communication between two servers, both the merchant’s server as well as the payment gateway’s server. A direct transaction will be initiated by asking for the card details on the payment page. The customers will be able to finalise the card payments even without being taken to the page of payment which results in quick checkout and a good user experience. A server-to-server integration will be suitable if the payment data is stored and collected before transfer to the payment gateway for its processing.

3. Client side encryption

Client-side encryption is the encrypting on the client-side device before it is sent to the merchant’s server. This way the merchant will be able to simplify the PCI compliance requirements. Client side encryption will enable the acceptance of the payments on the website and encrypt the data of the card in the browser.

• The customer will enter their credit or debit card information on the payment page which is then passed onto the payment gateway in a secure manner, based on the integration.

• The payment gateway will encrypt the information of the card and conduct fraud checks before sending the data to an acquiring bank.

• The acquiring bank will then send the information safely to the card schemes.

• The card schemes will also perform some other fraud checks and then send the payment data to the issuing bank.

• The issuing bank will authorise the transaction after the fraud checks.

• The acquiring bank will send the approval or decline message back to the payment gateway which then will transmit the message to the merchant.

• It will deposit the funds into the merchant’s account as a settlement which will happen according to the agreement the merchant has entered with the payment gateway. The merchant can show a confirmation of the payment or ask the customer to provide a different payment method.

Best Payment Gateways In UAE

The payment gateways in the UAE are chosen according to the different criteria like the transaction fees, support for payments, customer service, convenience to the suppliers, as well as development policies. Let us look at a few popular payment gateways in UAE.

1. Telr – It is one of the most popular payment gateways in the UAE providing many payment methods.

2. Amazon Payment Services – It was previously called Payfort. It is also operating in the countries like Egypt, Jordan, Saudi Arabia, Qatar, and Lebanon. It is an excellent payment gateway that will accept and provide a number of online payment methods with good security for the reduction of the risks of transactions on the website and boost revenue.

3. 2Checkout – It is an international payment gateway that was formed in 2006, that will develop the trading services, which include credit cards and debit cards.

4. PayTabs – This payment gateway in UAE is highly recommended. PayTabs is very popular for its best payment processing as well as fraud prevention system. It is a flexible and safe online payment system that allows e-businesses to make and receive payments very easily and also create and send invoices using a unique technology.

Takeaway

The demand for online payment has increased in the UAE like the rest of the world. It is essential to have a safe payment gateway in the digitized world.