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A distantly hosted software application, preferably suitable for online payments, business contact and payment gateway merger, lets merchants agree to electronic payments and credit cards online through hosted website. The successful online shopping experience and e-commerce sites shared with lower prices and deals and use of online financial dealings are rising by the day. Digital and electronic transfer of funds is preferred over predictable payment methods due to improved security and assurance given by the site to clients. Muthu Soft Labs, a traditional software solutions firm based in Chennai, offers online merchants to combine with a wide range of payment gateway applications by handling online transactions, include Billdesk, CC Avenue, Tech process, PayPal and Google Checkout.
When a possible customer browses through the firm’s website and finds the product or service practical, he places the order through his credit card, Debit Card and Net Banking or any other payment source. The fee data is sent firmly to the financial institution/ bank for meting out and the money is transferred to the firm’s account. In count to these operations, some of the payment gateways suggest automatic recurring billing option for easy access to recurring billing options. Transactions done through automatic recurring billing option can be repeated on a monthly, tri monthly, semiannual and annual basis