Hosted Payment Page vs. APIs: Which Is Right for You

Introduction

By incorporating a payment gateway into your business, you could gain cash from customers. There are two famous payment gateways, namely the hosted and API. A hosted payment gateway is extremely secure, easier, and flexible, while a non-hosted payment gateway is more customizable and has greater user service. You should choose a payment gateway depending on the specific criteria.

Hosted Payment Gateway

As the customer taps on the product to buy it throughout the hosted payment gateway, the system will redirect him to the online payment service provider page. There, the customer has to fill in the payment information. The customer will then be routed back to the page to complete the purchase process until the purchase has been made.

There is another method to incorporate hosted payment gateways. This type is controlled by the Payment Service Provider (PSP). As a consequence, the PSP records the information as customers fill in the application. For this method, no direct debit information is provided or processed when the merchant accepts the card.

For each customer, a new account is developed for a periodic payment. Gateway deducts the number from the account based on their scheme and sends a notice to your webpage. Cancellations and payments shall be made at the gateway site.

Advantages of Hosted Payment page

The primary benefit of the hosted solution is the versatility of the procedure. The acquisition and handling of payments shall be carried out via the eCommerce payment gateway, which also protects credit cardholders’ privacy. Establishing up the system is simple and easy; it’s integrating the site to the hosting page and beginning to accept payments. Reference to the previous purchases and the refund procedure could be performed conveniently without any of the information on the card.

APIs (Application Program Interface)

The API provides the incorporation of one framework into another and enables collaboration among programmers that use the same terminology. Here, the website collects account information, like card numbers, and sends the transaction to the gateway via the Application Program Interface for authentication. The cash card will process transfers and then notify your database.

The customer can never exit the platform because the payment would be handled “transparently” Service APIs allow users to fully monitor customer interface from beginning to end, like payment options, including main elements. For this purpose, many organizations find them quite appealing, particularly if they have a website designer with ready and willing employees to take part in the process.

Advantages of API

The idea that your buyer would not have to exit the platform to perform the transaction helps you monitor the purchase after the checkout process. The buyer would have a nice experience with the whole transaction. Your company is liable for the website, and so the graphical appearance should be optimized based on your potential clients and product requirements. That being said, integrating with the API includes a programmer and a web designer.

Which one is right for you?

Check at the versatility of services that your payment solution company would provide. Appropriate payment systems and smartphone apps should be enabled. The choice preferred should be personalized to the business requirements.

Most small and medium-sized businesses tend to use the hosted payment method for protection and convenience. Few organizations chose to employ a programmer to create a new optimized checkout solution (or incorporate a pre-existing one) later; however, most of the hosted payment options are sufficient.