PAYMENT INTEGRATION
Payment integration connects a business's website or app to payment processors, enabling secure, automated transactions by acting as a digital bridge for funds from customer to merchant, often using APIs or plugins for seamless checkout experiences, reducing manual work, and improving customer satisfaction. It involves securely handling payment data, validating transactions, and transferring funds, with options ranging from redirecting to hosted pages to direct API integrations for full control.
Key Aspects
Payment Gateway : A service that authorizes payments, securely transmitting data between customer, merchant, and bank.
API (Application Programming Interface) : A set of rules allowing your platform to "talk" to the payment gateway, encrypting data and processing approvals.
Integration Methods:
Direct/API : Full control, connecting directly to the processor.
Hosted Pages : Redirects users to the processor's secure page (simpler, less PCI burden).
Plugins/Extensions : Pre-built connectors for e-commerce platforms (e.g., Shopify, WordPress).
Security : Uses encryption and tokenization to protect sensitive data.
