How to Choose and Integrate a Payment Gateway in Mobile Apps?
With the surge in the use of mobile devices globally, payments through mobile apps have significantly increased, currently surpassing the trillion mark. In-app purchases have also become a standard for most online shoppers looking to enjoy the convenience brought by e-commerce businesses. Various payment systems facilitate transaction processes within e-commerce sites and other mobile apps, as in Versailles Gold.
The number of businesses integrating payment gateways, such as PayPal, Braintree, Apply Pay, and Stripe, in mobile apps has also increased. That said, check out the guide below for seamless mobile app integration with any payment gateway of your choice.
What Is A Payment Gateway?
Before outlining how to integrate the software in mobile apps, it is prudent to understand what payment gateways are. Simply put, they are software that enables merchants to receive payments through a mobile application. If you have booked a room with Airbnb, bought an item from eBay or Walmart, you have interacted with payment gateways to facilitate the purchase transaction.
Payment gateways help e-commerce sites and hybrid mobile apps, such as flight booking, grocery shopping, and hotel reservation mobile apps, complete financial transactions. With these tools, customers can pay for orders immediately using their credit cards.
How to Choose a Payment Gateway
Integrating payment gateways to mobile apps significantly boosts sales and business operations. However, you should find software that complements your mobile app design and meets the needs of your customers. That said, below are some factors to consider before choosing a payment gateway.
1. Market research
While some gateways operate globally, others are restricted to specific countries. Therefore, you should consider your customers’ location before integrating any software. For instance, if the mobile apps you intend to use target the American market, most Americans prefer using PayPal and feel comfortable with credit card transactions through Authorize.Net, Stripe, and Simplify Commerce.
In Europe, including countries like Italy, Germany, Spain, and France, users prefer SagePay, Skrill, Payoneer, and Skrill.
2. Ease of Customization
Payment gateways for mobile apps have varying logos, color organization, and style. Therefore, consider integrating a gateway that can originally fit your mobile app. However, note that not all payment gateways for mobile apps allow merchants to change their interface. As such, find an interface that offers this opportunity or gives an option of creating a separate page.
3. Its Capabilities
For those with applications without a merchant account, the best option is to choose a payment gateway that creates one immediately after you register. Fortunately, PayPal and Stripe have these features. However, they take a high commission, which is disadvantageous to merchants with high turnovers and a large customer base.
If you intend to launch a popular mobile app, to an expectedly large customer base, go for gateways without banking account attachments. Some of the best choices for such situations include PayPoint and SagePay. However, you will spend more time configuring the integrations in your merchant account but won’t affect the cost of implementing the gateway.
4. Cost of Service
All payment gateways for mobile app providers have unique payment plans that depend on the services provided. Most payment gateways are limited in their capabilities. However, creators of advanced solutions for mobile apps offer their payment gateway services at unreasonable prices.
5. Security Measures
SmallBiz Trends report that approximately 77 percent of merchants are victims of fraud resulting from payment gateways. Similarly, 29 percent of customers report that they have experienced some type of skimming when transacting with online applications. Based on these data, approximately 69 percent of US companies running their mobile apps with payment gateways spend heavily on solving problems resulting from fraud and cybercrime. Therefore, you should consider upgrading the security system of the software by installing serious security protocols.
6. The reputation of the Service Provider
Cybercriminals have flooded the internet with bogus online services, and payment gateways for mobile apps are not an exception. Therefore, you should search for every company’s reputation before employing their services.
7. Compliance with Regulations
Another essential consideration before choosing your payment gateway for mobile apps is to ensure that it complies with PCI DSS standards, which are increasingly becoming strict every year. Therefore, make sure that the service provider updates certifications annually. Without certifications, your customers will be vulnerable to online scammers and cybercriminals who can infiltrate the payment gateway.
How to Integrate Payment Gateway to Android and iOS Mobile Apps
Having selected your payment gateway for mobile apps, you should know how to install the software into your android and iOS mobile apps. Even with the best mobile app, poor integration can limit the functionality of the gateway software. Key steps during the installation are as follows;
1. Choose the Software and Plan for the Integration Process
Apart from the factors mentioned above, your choice of gateway software for mobile apps depends on the industry of your mobile apps, the size of the business, and the target countries. For instance, if your mobile apps involve multiple retail transactions that solve worldwide clients, consider integrating more than two gateway methods to give users multiple options.
2. Integrate Server and Client-Side
Regardless of the payment gateway for mobile apps you chose, all offer unique software development kits to aid in integrating the server and client sides. The kits collect, store, and monitor all payment-related information from the merchants and clients. These kits are available from the official website of the service provider that you choose. Your IT team can then integrate the kits into your mobile apps.
3. Integrating APIs
APIs are an important addition to all applications. With APIs, payment gateway developers can reach the backend of your mobile apps and create a request that enables them to reply from servers. They facilitate easy management of credit and debit payments, making transactions between clients and merchants easier and secure.
4. Working on Security Certifications
The last stage of integrating payment gateways to mobile apps is security installations. As mentioned before, security is an important aspect of online transactions. Users can confidently exchange their payment details in mobile applications that are highly secured. Therefore, to boost the security of your payment gateway integration, consider installing advanced certifications complying with PCI DSS regulations. SSL protocols provide guaranteed protection to clients and merchants’ information.
Installing payment gateways to your mobile apps doesn’t take much time but significantly improves your e-commerce business by providing a fast payment option for customers looking to make online purchases. Since several developers offer these services, you should choose one that meets your budget and business needs.
Even if you want to install payment gateways to mobile apps with React Native, prioritize the system’s security. . The Payment gateways described by the writer are the best ones to use on any website. Whenever he is less busy, he enjoys playing retro video games on the mrbet app, particularly adventure games. Apart from these, do you have any other tips to ease the integration of payment gateways to mobile apps? Please share with us in the comments.
This payment gateway article was composed by Thomas Glare who has also worked as a finance advisor to most people who own casino games websites. The Payment gateways he has described here are the best ones to use at any website. Whenever he is less busy, he enjoys playing retro video games on the mrbet app, particularly adventure games.