Taru M. Updated : November 21, 2022
Payment gateways are one of the most crucial parts of any mobile app that sells goods or services. Whether you are in apparel selling, candle selling, car selling, etc. business or offer legal consultation, human resource consultation, policy-making expertise (or any other service of that sort); or are planning to build your business online with a mobile app or a website—you need a way to ensure payment processing is fast, secure and accessible.
Building the complete backend logic for payments is a challenging task. Fortunately, businesses now don’t need to reinvent the wheel. There are pretty good payment gateway providers that offer API, which your developers or mobile app development agency can easily integrate. And within a few hours, your business is ready to accept payments across the globe.
A Payment Gateway is a consumer-side payment interface technology that essentially is Software as a Service (Saas) that collects customers’ payment information and allows them to pay for the availed goods and services. In a brick and mortar stores, this may include making payments using QR codes or Near Field Communication (NFC), whereas, in online mode, payment gateways are essentially checkout portals where the buyer enters their payment credentials to make the payment.
Payment Gateways SaaS APIs are a part of the electronic payment processing system, which is integrated with your backend server. It renders an interface where the customer data is entered and then sent to the merchant bank, which is connected to the sellers’ backend server via an API. It does not matter whether your backend was developed by an in-house developer from scratch or you prefer to use Mobile Backend as a Service (MBaaS) – third-party payment solutions can be easily integrated with your digital product.
Stripe offers payment processing APIs that enable developers to integrate its mobile payment gateway processing services into mobile apps. Stripe is used and appreciated by buyers and sellers globally to manage their finance online.
Amazon Pay has become a popular choice of many eCommerce mobile app platforms and is slowly entering other industries as well. Its services are already being used by companies such as Lenovo and Canon. In fact, the launch of Amazon Pay has come as a replacement for Simple Pay and Checkout—other payment services of Amazon.
PayPal is one of the oldest and most widely trusted payment solution providers for businesses’ mobile apps.
Authorize.net is a reliable, fast, and secure payment gateway integration option for mobile apps. Its functioning is similar to how a card payment is processed but in an online setting.
Square is one of the most widely used payment solutions across the industry. One of the main reasons for this is that it provides both easy-to-use hardware and software payment solutions.
Implementation of a payment gateway solution that seamlessly integrates with your web and mobile app is an extremely crucial decision. The experience it renders is also a significant contributing factor to how the merchant-customer relationship will evolve.
In this blog, we have discussed global payment providers. This doesn’t mean there are no good regional alternatives. We listen and help our clients to integrate the best SaaS products to alleviate the customer experience. Share your app idea, and let us do what we do best.
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For over 18 years, Taru M. is a successful technology entrepreneur by profession and a tech enthusiast by spirit. She takes pride in offering expertise in her domain to business people's success across the globe. As a business woman and technology expert, she manages to keep her balance along with her family responsibilities. She did her masters in computers, and her work delivery shows the expertise of her education. Connect with her via Linkedin profile to know more about her exciting personality
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