We are living in an age' where online shopping has become the routine of the day. So, this has enabled the ecommerce apps to implement and integrate the payment gateway to complete the online transaction with just a few clicks. It has also helped the user to make the secure payments for availing the number of services like purchasing an item from an e-commerce site, hotel reservation, booking train or flight, tickets, paying the bill or booking a cab and so on. As per the report from BI intelligence, the market is associated with in-store mobile payments, which is estimated to reach $503 billion by the year 2020. So, one should not underestimate the fact of payment gateway because this has been a great helping hand in flourishing the sales and making the payment task easy. Payments gateway integration is a software solution which allows the implementation of electronic payments to ecommerce services within the mobile application development and websites.
Below are the given factors to keep in mind while choosing Payment Gateway integration:
· Security – This helps to protect the credit or debit card transaction details.
· Easy integration – This should be easy and feasible with your service or product code designing.
· Multi-currency – The local currency product or service will take you ahead of your competitor but, if your target audience is worldwide, then the multi-currency support is necessary.
So, right after aligning these factors, look for the options which you have for your particular product or service mobile app. So, all you need to see the category in which your app will fit.
Below are the following app categories which need payment gateway integration:
On demand app, as the name suggest daily purpose or urgent bases like food beverages, travel, spa, health, fitness and so on have become the way for life. For example: a user can order food from an app like Postmates, and then it will be delivered to his/her doorstep in the specified time frame. So, with the help of multiple payments like cash on delivery, credit card, debit card and e-wallets, has become a convenient option to avail services at home. Therefore, an on-demand app should provide a new technological trend to manage their desired audience satisfaction, and for fast adapting apps, payment integration includes service with efficient connectivity where it also help you to manage your business even when you are not present in the office.
As the world is moving towards the pocket supplies, so everything in your phone is an app where e-commerce is one such platform which consists of online shopping for almost every lifestyle product. Therefore, an app needs to be user-friendly and with a secured purchase option which can be easily used and not seen or appreciated in the form of payment gateway integration. So, an ecommerce app should have multiple online payment modes with secured financial protection.
In this fast-moving time,' reaching on time with a presentable look has increased the demand for taxi booking app. So, people are installing taxi booking app to travel from one place to another. Therefore, transport businesses like buses, cabs, and metros have to integrate payment gateway feature to manage the payment terminology without dis-satisfying the customers. Therefore, taxi booking apps help to secure the first place in this category.
Below are the following facilities for the transportation business:
• It is helping the user to sort bills in one place.
• It provides smooth and streamlines accounting with an easy interface.
• It also provides a seamless and faster invoice to the end users.
If you are planning for mobile app development for your transportation business, then this feature will help you to seamless fund organization.
An online accommodation app like flight booking, hotel booking, and Airbnb makes the booking round the clock for all 7 days a week because, without an online booking app, your business has to entirely depend upon the phone calls and walk-in to make the reservations. Therefore, payments gateways integration allows you to keep track of each booking or other related details. Besides, it also enables you to outline the areas where you need to focus and develop your business, so this also gives you a sense of assurance from the merchant side to customer. For example, a person wants to book a hotel room through hotel booking app and pays the rentals for the stay, so the user gets secured as he receives a confirmation mail from both the sides like bank and merchant. Thus, it is an easy and quick process without any third party hurdle.
So, with the help of well-maintained payment integration, companies can gain its share of consumer loyalty and sales where it also helps you to connect the business and consumers effectively by increasing the payment modes and its features.