As more and more people are understanding the importance of e-commerce shops online and want their business to come online, they are taking the help of online shopping trends. For this, it is important to hire mobile app developer who is expert in creating e-commerce apps for selling products and goods. The ultimate aim of creating an e-commerce smartphone app with dynamic apps and features is to give a smooth experience to the users of the app. Therefore, the most important feature of a successful app is definitely a mobile payment gateway integration in a smooth and hassle-free manner. There are numerous types of e-commerce apps that are being created by the mobile app developers these days, this is the reason why more and more app development companies are being hired these days to create the apps for various businesses wanting to sell their products online easily.
Well, we can’t say that it is definitely easy to create a mobile app but it can be said that professionals with prior experience can create the apps with amazing features that attract the users as well as retain them. The ultimate aim of the app is to bring profit and revenue to the seller or the app owner so that he is convinced that the hard work and investment that he has put into the mobile application development services don’t go without any use.
Why is there a need to create apps with online mobile payment methods?
If you have driven deep into the e-commerce world often, you may already know that there is no limit to the types of apps that are created and need payment method integration into the apps. The most common type of e-commerce apps is definitely the fashion apps as well as apps which lets you recharge your mobile phones or even pay for so many services online such as payment of your bills.
As the world goes globally cashless, there is more need to create such apps as they are able to pay online directly. The need is not to only create an app with the gateway but the demand is the hassle-free online payment method. So, it becomes even more demanding that the app should only be created by the professionals who know it well how to integrate the online mobile payment methods within the app and that too without any errors and issues for the users.
It’s always a nicer option to integrate many types of methods or options for the users to pay online. It is because of the fact that there are different types of users or customers around the world who have a variety of payment methods to use such as credit card, debit card, wallets and so on...After all, you can’t lose a customer of your company just because of the inability to pay for the product or the service that the customer has the intention to buy from your shopping app.
If you are completely new to shifting your business online to a mobile app, it becomes all the more important to hire mobile app developer as it is completely impossible for a non-technical layman or a businessman to see all the technicalities of getting a perfect app built with great e-commerce features.
What is a payment gateway in a layman’s language?
If you are completely new to what the payment gateways are all about...you should definitely read what we have put below:
One of the best methods or the only virtual method that handles online payments. An e-commerce mobile app payment method lets the developer to create a gateway- a virtual one of course so that a person can fill in the credit card or debit card details and then he is sent an OTP on the mobile number for the verification of the card. This step is done after the user has filled his CVV number of the card.
Another advantage of online payment methods is that one can save on the details of the card for future uses so that he doesn’t have to fill the credit card number and other details again and again. But, this facility is only accessible if the app user has an account on the app or he has registered.
All about you know about the process of buying a product in an app:
Let’s dive into the details…
So, have you ever wanted to know everything about the mobile app, especially an e-commerce mobile app that sells products and services to the users.
- First things first, the user of the app browses through the variety of products or services available in the app. Then, he chooses the product that he wants along with keeping in mind the various specifications of the product.
- After deciding on the products, the second step would be to add those products to cart that the user of the app wants to buy. The products or goods would be added to cart and the cart can be seen in the app itself.
- It would be interesting for you to note that the cart is directly linked to mobile payment methods or gateways.
- When the user goes to the next step, that is when he clicks on the checkout button, he can choose the method of payment easily.
- It may seem easy to you on the front-end, but we have a whole complex back-end process for secure and safe payment, which is the pillar of a successful app for sure.
- In the back-end, when the app user starts the payment process, the payment gateway sends a request to the chosen bank for verification of the whole process.
- The payment gateway is a kind of mediator between the bank and the user of the app, then a verification code is sent to the user for the access.
- This verification code or OTP is filled by the app user in the app to successfully complete the payment.
If you are a business owner and very much impressed with the above processes, you may also become overwhelmed at this long process. But, fortunately, you have to do nothing regarding this, all you need to take care is that you choose a professional payment gateway service provider. After you hire a mobile app developer, you will need to think about choosing an expert service provider for your payment gateway so that he can guide you all about the opening of the merchant account as well as other procedures for security compliances.
Why do you need to open your dedicated and safe merchant account?
A business account is a bank account for your business. It allows your business to accept and process electronic card payments. It is based on an agreement between your payment processors, banking and payment card functions. There are two types of merchant accounts. Dedicated accounts are more expensive than summary accounts (the exact price depends on the payment gateway provider), but it gives you more control over the operation of the financial system.
For example: If there is the wrong transaction, it will help to refund the money to the user or the buyer in case the transaction is not successful but the money is deducted from the account of the user. Even within your own merchant account, you can quickly transfer within three days. The type of other accounts usually takes between 2 and 7 days.
Despite the benefits of dedicated accounts in e-commerce mobile app payment integration, most vendors prefer generic accounts. This is cheaper and usually only takes 24 hours to get your approval (you'll have to wait a few days for approval for your account). Dedicated accounts require more customer information (KYC) than summary accounts. The main difference between a dedicated account and a trading account is that your account is linked to one merchant, while the generic account is a payment solution for multiple merchants. That's why you can use a separate account instead of a routine bank account to manage your finances better.
The most popular financial service providers that offer different payment options for e-commerce companies are PayPal, Braintree (owned by PayPal) and Stripe. They both provide a summary for the merchant account.
1. Integration of credit card payment and gateway API:
There are several payment ports that allow you to process credit card transfer information through this API. At first glance, this seems to be a simple solution for mobile payment. However, if you choose the Integrated Payment Gateway API, you need to put the security of your credit card information on your shoulders when the data is transferred to the mobile application. In addition, all payment ports do not support the authorized verification process required to receive payments from mobile applications. Ideally, the payment gateway API should call back the secure authentication environment of the server.
This symbol represents the sent card information and can be used to execute the actual event. However, if the gateway API does not provide this token, you must process it yourself.
2. Compliance with the payment card guidelines in mobile app development:
The first and most important requirement for all payment collection services in compliance with the payment card industry security standard (PCI - DSS). A list of PCI-DSS-compliant service providers is available in Visa Global. Obtaining PCI certification requires months of work.
If your application uses card data for the gateway to ensure long-term storage, you don't need to be worried about it. At the same time, those who accept payment by credit card comply with the PCI-DSS rules, even for those with integrated payment systems.
Stripe and Braintree are mobile payment gateways that easily meet PCI-DSS requirements.
Largest gateways or payment systems (such as Stripe and Braintree) simplify PCI-DSS compatibility by providing powerful native libraries for Android and iOS and sending encrypted credit card information. As a result, highly sensitive credit card data bypassing servers, so you can easily integrate mobile payment features while avoiding most PCI-DSS compatibility issues. If the deal between Visa, MasterCard, Discover, JCB, Diners Club, American Express and Digital Wallet is successful, Braintree and Stripe will charge $ 0.30 and $ 0.30 plus 2.9%.
Conclusion:
So, in this blog, we not only discussed the basics of integrating mobile payment methods that make an e-commerce mobile app successful.
