Payment Gateway in UAE

Payment Gateways

Before we go into the details first I will briefly describe what (PG) is and how it works. According to Wikipedia A payment gateway in UAE is a merchant service provided by a trade request service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks, and clicks, or conventional brick and mortar. The (PG) may be provided by a bank to its clientele, but can be provided by a special financial service as a separate service, such as a payment service provider.”

HOW DOES IT WORK?

Not all the payment gateway in UAE works in the identical manner but more or less following steps are involve:

• A buyer visits the site and places an order at the checkout; he may need to enter his credit card details.
• The website then securely sends the purchase features to the (PG).
• The (PG) then dispatches the details to the seller’s bank, where his account is.
• The merchant’s bank then contacts the customer’s bank and exchanges the purchase details.
• If the information entered by the customer is right the bank then permits the transactions and amount are deposited in the seller account from buyers account.
• (PG) then returns the details to the website which then let the customer know if the purchase was successful.