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The Process Behind Payment Gateways in South Africa

• Posted by iVeri RSA October 25, 2022 Filed in Other 42 views
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  Whether you are a business owner looking to improve your business, or simply just an inquisitive shopper, you may have heard of the term payment gateway in South Africa and are wondering about what this is and how it works. This is an important question to ask, both as a business owner wanting to make payments easier for their clients, as well as said clients wanting to know where their money is going.

  Simply put, when one is looking to fit their online stores with a payment gateway in South Africa, they will be implementing a technology that allows storeowners to accept payments from their clients across the internet. This technology essentially acts as a link between the storeowner’s website and the client, providing a secure path through which the payment data can flow through.

  Such technologies can be used in physical retailers, as well as online e-commerce shops too, with the former being utilised via card machines and QR codes, and with the latter being utilised primarily through QR codes. However, as much as you can familiarise yourself with the primary use of payment gateway in South Africa, it will not allow you to fully understand the process behind such systems and technologies.

  Generally, local storeowners that utilise payment gateways in South Africa all utilise the very same process flow, with a few exceptions here and there. The leading process behind such systems in the online realm are as follows:

  1. The client will go onto your website and add a variety of products to their digital shopping cart.
  2. Once they have completed their shopping and are ready to make a purchase, they will head over to your checkout page to add their delivery details before making their payment.
  3. Customers will then be redirected to a secure payment engine of their Here, they will select their preferred payment method and then follow the steps provided.
  4. Your payment engine will then process the payment received before notifying your e-commerce platform as soon as the payment has been completed. This will provide you with a confirmation to send the client’s product out for delivery.
  5. After all of this has been completed successfully, the client’s payment will be deposited into your payment engine account, after which you can make a request to have this purchase paid out into your linked bank account.

  Payment gateways in South Africa can provide huge benefits to businesses that make the effort to implement them, the effort of which is actually very minimal. In fact, by heading to the right service provider, the process of implementing such gateways can be completed in literal minutes, depending on your e-commerce platform of course.

  Regardless, once you have gone through this process, you open your storefront up to countless other payment options, many of which may not have been possible beforehand. Thus, you can attract far more potential clients this way, leading to increased sales and profits down the line too.