How Atom Payments Could Help Simplify Payments For Business

July 27, 2016

How Atom Payments Could Help Simplify Payments For Business

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If you’re in the process of setting up an online store at some point you’ll need to enable payments. Accepting payments from your customers isn’t necessarily as easy as flipping a switch and watching the money flow in… but it doesn’t have to be complicated, either.

With the right payment gateway, you can make it easy for customers to pay for your products. 

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What Is Payment Gateway?

A payment gateway is your doorway to making sales online.  A Payment gateway will allow you to charge your customer’s credit/debit card with the purchase he/she makes online.

payment gateway

image source:bwcreativepanipat.com

The main job of a payment gateway is to validate your customer’s credit card details securely, make sure the funds are available for the payment and get you paid.

A payment gateway is the service that authorizes credit card payments for online and offline businesses. It is the equivalent of a physical point of sale terminal in a shop or restaurant. It lets your customer submit their credit card details and then securely passes this sensitive financial information from the customer to the merchant and then between the merchant and the bank. The payment gateway then tells you whether the charge has been approved by the cardholder’s bank and submits your charges for settlement.

Settlement is where the payment amount is deducted from your customer’s credit card account and deposited into your merchant account.

What Is A Payment Service Provider?

Payment Service Providers also known as PSPs, act as both a merchant account and the payment gateway, helping businesses to collect and manage their payments. Payments go to the PSP and are then transferred on to you.

Understanding How Payment Gateway Work?

There are four simple steps in the payment gateway process:

1. Collection
Your customer chooses the product or service they want to purchase and then enters their credit card details onto your payment page. This information is then directed to your payment gateway.

2. Authentication
Your payment gateway then takes this information, and sending it via a shielded link to your bank account.

3. Authorization
At this point you will know that the sale has been approved and you can deliver the ordered products or services.

4. Settlement
At last, the transaction data is verified by your bank and the money from the sale is deposited into your account. When the actual payment will arrive in your account will depend on your payment gateway – it can be as little as real-time or as long as 21 working days.

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Whether you are:

  • Dealing with customer payments
  • Offering EMI
  • Providing single click payments
  • Collecting payments from your partners – There’s a RIGHT SOLUTION FOR YOU- Atom Payments

Atom Payments- Payment Solutions For Every Business

Atom Payments offer a bouquet of products and services enabling business houses and individuals to transact in a user friendly manner with convenience, speed & utmost security.  Their processes are in compliance with RBI guidelines and Card Associations viz. VISA , MasterCard & Amex. ‘atom’ is committed to helping every Indian to access products, conduct business and avail of financial services, in a secure manner, through the use of smart technology for payment processing. atom is committed to bring in inclusive growth for the nation which encompasses both financial as well as social inclusion.

atom payment services

It has created various technologies – mobile based, biometric based, point of sale terminal based etc. to allow banks as well as business correspondents to reach out the masses for providing financial services. They do provide small to mid-sized banks the benefit of web hosted Core Banking Solution, and Microfinance Institutions the advantage of state of the art Information Technology along with supporting Hardware. Today, their products and services facilitate thousands of individuals and institutions viz. Banks. Insurance Cos, ISP, Retail, Entertainment, DTH, Travel and Hospitality Industry etc.

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Different Payment Solutions/Products Offered By Atom Payments

Paynetz

It is a state of art Internet payment platform that is amalgamation of feature set for enabling payment acceptance through credit, debit cards, net banking, as well as other modes along with revenue boosters for merchants such as Multi-bank EMI, discount and promotion engine, multi-product settlement, invoice based payments, express checkout etc.

enabling paynetz

Offering one of the highest success rates in the industry, the platform offers an integrated dashboard to the merchant to view transactions not only over Internet, but over POS and IVR.

Mobile Payment Solutions

 

mobile solutions atom

App that can be downloaded on the mobile to enable the payment of services listed in it. Atom mobile app contains more than 50 services that allows the payments through debit & credit cards, IMPS, cash credits and net banking.

Interactive Voice Response – IVR

 

ivr atom payment image

A leader in Indian IVR Payments collection domain, Atom IVR helps organizations to accept payments through credit and debit card over a phone call interactive voice response system thus assisting your call centre to become a profit centre.

 

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Point of Sale (PoS)

point of sale

As endeavor to provide end to end payment services, Atom provides bricks and mortar  merchant acquiring and transactions processing services, in addition to its services over the Internet, IVR and Mobile. As a service provider, Atom takes over from the bank and provide services right from the merchant sign-up, installation of PoS terminals, training and services to the merchants, supply of consumables, processing credits card and debit card transactions through its network as well as monitoring tasks.

Atomz Prepaid Card/Wallet

For corporates:

Atom Payments has created a corporate prepaid card/wallet, atomz that is focussed on solving HR department’s problem and bring in more efficiency across food, travel expenses, R & R, medical etc. It allows multiple buckets to be created by a corporate so that each  cost head can be appropriately taken care of e.g. any amount in food bucket can only be used for food and grocery purchase. At the same time, Atom has tied up with more than 25000 merchants for providing its other payment services and would become acceptance points for its prepaid.

prepaid card atom wallet

For High-end retailers:

Atom Payments has tied up with more than 25000 merchants across India for acting as an acceptance point for its prepaid card/wallet. Through this arrangement the customer will be able to pay at the Merchants end by using the App only.

 

Brief About Atom Technologies

Atom Technologies offers a bouquet of products and services enabling business houses and individuals to transact in a user friendly manner with convenience, speed & utmost security. Our processes are in compliance with RBI guidelines and Card Associations viz. VISA , MasterCard & Amex.

‘atom’ is committed to helping every Indian to access products, conduct business and avail of financial services, in a secure manner, through the use of smart technology for payment processing.

atom is committed to bring in inclusive growth for the nation which encompasses both financial as well as social inclusion. It has created various technologies – mobile based, biometric based, point of sale terminal based etc. to allow banks as well as Business Correspondents to reach out the masses for providing financial services. We do provide small to mid-sized banks the benefit of web hosted Core Banking Solution, and Microfinance Institutions the advantage of state of the art Information Technology along with supporting Hardware.

Today, our products and services facilitate thousands of individuals and institutions viz. Banks. Insurance Cos, ISP, Retail, Entertainment, DTH, Travel and Hospitality Industry etc.

 

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