Things Required For Integrating A Payment Gateway On Website

Integrating a payment gateway on a website is like setting up a safe bridge between your online store and the bank. This bridge ensures that when customers buy something, their payment info travels securely from your website to the bank for processing. It's a must for any online business to accept payments smoothly and safely.

Before Knowing more about payment gateway and integration of payment gateway, We should know the basic terms of payment gateway which you must know. 

What is A Merchant Account?

A merchant account refers to a financial arrangement established with a bank or payment processor, designed specifically for businesses. This account allows businesses to accept various forms of electronic payments, such as credit/debit card transactions. It serves as a pivotal mechanism for processing and receiving funds from these transactions, ensuring smooth financial operations for the business.

What Is API (Application Programming Interface)?

An Application Programming Interface (API) comprises a defined set of rules and protocols facilitating seamless communication between diverse software applications. In the context of payment gateways, APIs are provisioned by the providers, offering a structured framework for developers to integrate payment capabilities into websites or applications, ensuring efficient and standardized interaction between the payment infrastructure and the software system.

What is a Payment Processor?

A payment processor refers to an entity, often a company or financial institution, entrusted with managing and facilitating payment transactions on behalf of the merchant. This entity serves as a crucial intermediary, establishing communication links between the merchant and both issuing and acquiring banks, and arranges the seamless progression of the payment process from initiation to completion.

Documents Required To Integrate A Payment Gateway Into Your Website 

It is very tricky to understand the requirements of payment gateway because it differs from company to company. To understand these requirements we need to select one payment gateway out of the market. 

LetsPe Payment Gateway - The best Payment Gateway in Fintech Industry. From the reference of letsPe Payment gateway let’s Check the requirement to integrate a Payment gateway to your website. Additionally the basic requirement and document of all the payment gateway out in the market are almost the same so you don’t need to worry about that. 

Basically document requirements differ according to the type of business.

• Proprietorship.
• Partnership/enterprise.
• Private Limited Company/LLP.
• Society/NGO. 

Document Required To Integrate Payment Gateway In Proprietorship Business

1. Business Name*

2. Proprietor Aadhar Card Both Side*

3. Pan Card of Proprietor *

4. Latest Electricity Bill or Gas Bill or Landline/Broadband Bill*

5. Canceled Cheque of Person *

6. Latest Bank Statement (6 Months )*

7. Authorized Signatory Photo*

Document Required To Integrate Payment Gateway In Partnership Business 

1. Business Name*

2. UDHAYAM Registration Certificate

3. Agreement (For Partnership Client)/Partnership Deed*

4. Organization PAN Card

5. Aadhar Card of the Partners (BOTH SIDE)*

6. Pan Card of Partners *

7. Address proof (Latest Electricity Bill or Gas Bill or Landline/Broadband Bill)*

8. Canceled Cheque*

9. Bank Statement Six Months. *

10. GST*

11. Company Website*

12. Android App link/APK*

13. Authorized Signatory Photo*

Document Required To Integrate Payment Gateway In Private Limited Company/LLP.

1. Company Full Name*

2. Company Registration Certificate (COI)*

3. Company MOA*

4. Company AOA*

5. Company PAN Card*

6. Rent Agreement or Latest Electricity Bill or Gas Bill or Landline/Broadband Bill (Upload any

one of these)*

7. Company Master Data (MCA) *

8. Director Aadhaar Card (Both Side) ( Add more option Required for Multiple Director Aadhar

upload)*

9. Director PAN Card (For ID Proof ) ( Add more option Required for Multiple Director PAN

upload)*

10. GST Certificate*

11. Canceled Cheque of Company*

12. Latest Bank Statement (6 Months) *

13. Company Website URL*

14. Android App or APK URL8

15. Authorized Signatory Photo

Document Required To Integrate Payment Gateway If You Are Running NGO

1. Organization Name*

2. Registered Trust Deed*

3. Certificate of Registration*

4. Any one of Sales Tax Registration Or VAT /TIN Registration, Trade License and so on.

5. Organization PAN Card*

6. Bank Statement (Last 6 Months)*

7. Canceled Cheque*

8. Trustee Aadhar Card both Side ( Add more option Required for Multiple

Trustee Aadhar upload)*

9. Trustee Pan Card ( Add more option Required for Multiple

Trustee PAN upload)*

10. Duly authenticated list of current Trustees / Office bearers on the letter head of the

Organization*

11. Rent Agreement or Latest Electricity Bill or Gas Bill or Landline/Broadband Bill*

12. Website URL*

13. Android App or APK URL

After documentation time to understand - How To Integrate A Payment Gateway Into A Website

Conclusion 

Integrating a payment gateway on a website is a pivotal step for any online business or e-commerce platform aiming to securely and efficiently process customer payments. To integrate the best payment gateway with your business you connect LetsPe Linked In Profile.