VISVESVARAYA TECHNOLOGICAL UNIVERSITY BELAGAVI
Seminar on
Internship
Presented by:
•
Rakshith 4BB22CS406
Varun S M
Under the guidance of
Mr. Faiz Aman, B.E., MTech.
Assistant Professor
Department of Information Science and Engineering
DEPARTMENT OF COMPUTER SCIENCE AND ENGINEERING
Bahubali College of Engineering
Shravanabelagola-573 135 1
2023-24
payment gateway integration
Importance in Modern Commerce
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CONTENTS:
1. Introduction. 8. Advantages.
2. Aim and Scope. 9. Disadvantages.
3. Objectives. 10. Video.
4. Requirements. 11. Conclusion.
5. Methodology.
12. Reference.
6. Implementation.
7. Flowchart.
3
INTRODUCTION:
• Payment gateway integration plays a pivotal role in the seamless transaction
process for businesses worldwide.
• It enables secure and efficient online payments, ensuring customer trust and
satisfaction.
• By bridging the gap between merchants and financial institutions, these
gateways facilitate real-time authorization of transactions across various
channels.
4
AIM:
• The aim of payment gateway integration is to provide a secure, efficient, and
seamless way for businesses to process online transactions.
• Here are the key objectives of integrating a payment gateway.
• Security, Convenience, Efficiency, Compatibility, Compliance, Customer
Trust, Scalability, Integration with Existing Systems, Cost-effectiveness etc.
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OBJECTIVES:
• Facilitate seamless and efficient financial transactions for users.
• Ensure the secure processing of payments, protecting sensitive data.
• Support multiple currencies to cater to an international audience.
• Enable easy online donations and crowdfunding for research.
• Handle recurring payments for subscription-based services.
• Support cross-border payments for international collaborative projects.
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REQUIREMENTS:
Hardware: Software:
Computer: Minimum required Windows: 8/9/10
8 GB RAM and more
Keyboard: Any one Android development toolkit: Latest
Mouse: Any one GitHub and VS Code : Latest
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METHODOLOGY:
• The methodology for payment gateway integration involves several key steps
to ensure seamless and secure transaction processing.
• First, select an appropriate payment gateway provider that aligns with your
business needs and requirements.
• Next, set up the necessary merchant account and gather API credentials.
Then, integrate the payment gateway into your platform by incorporating the
provided APIs.
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IMPLEMENTATION:
• Start by selecting a payment gateway provider and setting up your merchant
account.
• Integrate the gateway using provided APIs, ensuring your platform securely
processes transactions.
• Test the integration thoroughly in a sandbox environment before deploying it
live.
• Continuously monitor the system to maintain security and performance.
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FLOW CHART:
10
ADVANTAGES:
• Payment gateway integration enhances transaction security
• Ensures compliance with industry standards, protecting both businesses and
customers.
• It streamlines the checkout process, leading to improved user experience and
higher conversion rates.
• Multi-currency support expands market reach, allowing businesses to cater to
a global audience.
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DISADVANTAGES:
• Payment gateway integration enhances transaction security, providing robust fraud
prevention.
• It streamlines the checkout process, improving user experience and boosting sales.
• Additionally, it supports multiple payment methods, catering to diverse customer
preferences.
12
Videlo:
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CONCLUSION:
• In conclusion, integrating a payment gateway is crucial for secure, efficient, and versatile
transaction processing.
• It enhances user experience and supports business growth by accommodating various
payment methods.
• Proper implementation and maintenance ensure reliable performance and customer trust.
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REFERENCE:
1. YouTube:
2. Razo pay:
3. GitHub:
4. NSDL(National Securities Depository Limited):
5. Geeksforgreeks,org:
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THANK YOU
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