It is critical for FinTech companies to ensure that the payment gateways are correctly integrated. Here are the 10 important tips:

  1. Parameters like transaction amount, currency, secret key, credentials; URL, access key etc. should be sent correctly.

  2. Signature validation is important to avoid tampering with the transaction at the time of making payment.

  3. Avoid sending any extra parameter, which required by the Payment Gateway.

  4. Choose right SDKs or API you integrate into the payment gateway to ensure payment process is fast and easy to go through.

  5. Sizing is important to ensure payment gateway does not crash and has the capacity to process payments even during peak traffic.

  6. Analytics and reports are important to ensure customers have good experience and help monitoring functioning of the gateways. Ensure that you can provide KPIs for payment failures, drop offs, double payments, refunds, average page load time, transaction status, the Internet used etc.

  7. Provide a number of payment options to the customers like net banking, debit or credit card, e-wallets, etc. Ensure that your website offers most multiple payment options to the customers.

  8. Reduce the friction caused when navigating to the payment gateway page of the application. Payment page must be integrated within the application to avoid the user being guided unfamiliar web page. Else the user might get confused and leave without checking out their shopping cart.

  9. To ensure the User’s card information safety and security, make sure that your integrated payment gateways with your application or website have PCI-DSS (Payment Card Industry-Data Security Standard) compliance.

  10. Integrate or select a payment gateway, which compensates you without much delay. Some payment gateways will require many working days to clear your payment dues even though they have received the funds from the user in advance.

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