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Payment Gateways

Apr 23, 2020
Apr 24, 2020

IMAGE GALLERY (2)

Payments are one of the most risky things you never want to do it yourself, storing users cards information and stuff

How online payments works

  • Payment gateway manages transactions between banks and users cards.
  • Merchant redirects to Payment Page provided by payment gateway
  • Charges a small fee per transactions,
    • multiple payment options
    • Analytics on sales and usage
  • PCI compliant, card merchants compliant gateway
  • Tokenization Solution
    • encrypt and save card information standards

Types of Online Payment

  1. Online credit card payments
  2. Cryptocurrency based transactions

Security Concerns

  1. Attacker can change prices from frontend javascript
  2. Algorithms can freeze your account
    1. google search frozen paypoal accounts
    2. Be truthful on WHAT you sell, if it changes -> update

Aggregator Model

Payment Gateways

Anybody who can type can get a free account

  1. strips
    1. free setup
    2. 2.9% / successful purchase
  2. Paypal
  3. square
  • How to make payments with vuejs frameworks?

Footnotes

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