SiliconHouse.Net – Features and Technology behind our Payment Gateways

Internet Payment Processing refers to the process of obtaining the payment details on the Internet from the customer in a secured environment, processing the data and authenticating the transaction through the acquiring bank.

Our Payment Solution is fully equipped to handle the volume of transactions in a secured environment, processing and transmitting data quickly over the Internet. The solution provides merchants with a host of distinctive advantages.
Real time processing of Internet transactions.

Highest level of Security for processing transactions, using 128 Bit SSL technologies.

Simple & User friendly operation and management.

Compatibility with almost all popular shopping carts.

Multiple currency handler.

Scalable to any platform.

Wide coverage: Visa and Master Card.

Transaction Management: Extensive, Internet enabled reporting features.

Fraud Detection: In-built and powerful fraud detection features supplemented by fraud monitoring facilities.
Factors to be considered while choosing a payment gateway

The following are the factors that should be considered while choosing a payment gateway.

1. Reliability
2. Setup Cost
3. Per transaction rate
4. Annual Recurring Fee
5. Ease of integration
6. Ease of use

Reliability: This is about the reliability of the payment gateway provider. This includes business reliability, infrastructure, technology.
Setup Cost: Initial cost that is levied while signing up for a merchant account or payment gateway.
Per Transaction Rate: The most crucial factor as the cost per transaction depends on this.
Annual Recurring Fee: Any recurring fee charged on an annual basis towards maintenance etc.
Ease of integration: The ease with which the payment gateway can be integrated with your shopping cart or e-commerce application. API usability etc.
Ease of use: Ease with which day to day operations such as order capturing, accept or decline a transaction etc can be done.