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(Razorpayment) payment gateway- easy 5 min setup

The payment gateway(Razorpayment) is in charge of encrypting your customers’ credit card information and

securely transmitting it to the payment processor. You’ll need a payment gateway and a payment processor if

you want to accept credit and debit card payments online. You must work with a payment processor if you want

to accept credit and debit card payments from your customers online or over the phone. Through this article

we will help you (customer) get the best way to set up, a payment gateway in 5 minutes.

Through your merchant account provider, you can frequently set up a payment gateway in collaboration with

your preferred credit card processing company, which can have some significant advantages in terms of

compatibility and cost-effectiveness.

Payment gateways connect payment processors (a debit card service) and merchant account providers, allowing

merchants to accept credit card payments (a service that provides payment processors). These two payment

services enable merchants to accept credit card payments directly from their mobile devices, allowing iPhones,

iPads, and Android smartphones to function as mobile point of sale (POS) payment systems.

Choosing your payment gateway (Razorpayment)

Online you can easily find an ocean, of websites and apps as a potential payment gateway.

Although they are found online, they aren’t always going to be safe.

In a payment gateway (Razorpayment)you will have to record your important card details.

Therefore it is important that you chose a secure payment gateway, that wont use your card or bank account

details to scam you.

Do your research before choosing a payment gateway. You can do that by either asking relatives, and friends

which payment gateway has worked well for them. You could also ask your CA or a person who understands

finances. After researching well on the topic of the safe and sustainable, payment gateway option for you, start

using the website or app.

How to set up payment gateway(Razorpayment)

After you’ve decided on a payment gateway, you’ll need to choose a bank account to use for online payments.

When you plan to set up the payment gateway, keep the debit or credit card associated with that account

handy. Keep the phone number associated with that account handy as well, if it is not the same phone you

intend to use for the payment gateway.

Before you begin the process of configuring the payment gateway on your phone, ensure that it is virus-free.

If your phone is hacked right now, your sensitive information may become visible to the hacker.

In that case, you can always notify your bank account. It is still preferable to be aware of any such occurrences

in your phone. Let’s get started with the payment gateway.

Step 1

Download the payment gateway app(Razorpayment), you plan on using .

You can either download the mobile version of the payment gateway, or the web version.

For launching the mobile version in your phone all you need to do is.

When you plan on using the web version for your, payment gateway

Step 2

Set up your account(Razorpayment)

Following the launch of your payment gateway app or web version. You should begin the process of creating an

account. You can create an account by providing your email address, name, and phone number. It is often

preferable to use the same email address and phone number that you use on the phone. This way, you can get

the otp quickly. After entering your information, you will be prompted to enter the otp you received.

Make sure to note all this information down somewhere, for future reference. This information could help you

in the future.

Step 3

Enter your card details

Now that you have a payment gateway account, you can use the app or web version. It’s time to connect your

credit or debit card to the payment gateway. You’ll need to keep your debit card and chequebook close at hand.

They may request your account number, ifsc code, and CVV.

Make sure you are not in a public place when entering such information. Being in a public place may jeopardise

such details. After you enter your information, you will be prompted to enter an otp, which you will receive on

the phone associated with the account you entered. After entering your account information, you will be able to

small payments with your card.

Step 4 

Create UPI pin

UPI pin is a number code that you must enter before making any payment through a payment gateway.

It’s a great way to protect your payments and ensure that they’re being transferred safely.

UPI is an abbreviation for Unified Payment Interface. UPI can be used not just on one payment gateway, but on

all payment gateways for a specific bank account.

The UPI id option is available in most payment gateway apps’ web versions. You must first select the account

for which you want to create the UPI id. Enter the bank account information. Then, create the UPI id. Make it

something you are confident you will remember, as entering an incorrect UPI id can result inclosing down your

payment gateway temporarily. 

Step 5

Secure your payment gateway

Set up KYC, which can help you ensure the security of your money even more. Setting up KYC also allows you to

make larger money transactions because the banks now have complete information on you. They have more

faith in you now than they did when you only had a payment gateway account. KYC is used to keep track of who

is using payment gateways to ensure that they are not acting illegally .Engaging in illegal activities such as

money laundering.

You can activate KYC by going to the KYC section of your payment gateway app or web version. They will then

ask you to enter your Adhaar details. Then, verify any additional details that need to be verified. Typically,

online KYC only includes this, but they may also require your biometrics. As a result, you may need to schedule

an appointment with a KYC staff member to ensure KYC.

After that, your online payment gateway will be successfully installed.

 

Read about the current account as well, please click here

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