A payment gateway is an e-commerce service that authorizes payments for e-businesses and online retailers. It is the equivalent of a physical point of sale terminal located in most retail outlets. A payment gateway facilitates the transfer of information between a payment portal (such as a website or) and the Front End Processor or acquiring bank.
eNETS is the Singapore leading, most trusted and reliable online payment gateways. The parent company of eNETS is NETS which is wholly owned by the DBS, UOB and OCB.
eNETS Credit enables merchants to accept major international (VISA, MasterCard, AMEX) credit card payments online. eNETS Credit provides merchants with a range of front-end options including merchant’s own payment page, virtual terminal and customisable order and payment page for merchants that do not have a shopping cart.
eNETS Direct Debit enables merchants to accept online payments on their websites from Internet Banking users using their bank accounts. Direct debit requires the consumer to authenticate himself using his Internet Banking PIN, UserID and token and this greatly reduces the risk of fraud. eNETS is available to Singapore consumers with DBS/POSB, OCBC, UOB or Citibank Internet Banking accounts. Together, they cover the majority of Singapore Internet Banking users.
The features of MMD
- Support both eNETS Credit and Debit (Internet Banking) UMAPI Lite payment gateways
- Once the order is submit, the order email is sent to the admin and the payment status is pending payment.
- Once the eNETS payment is successful, the invoice email is sent to the admin, and the payment status is processing.
- If the eNETS payment is not successful, the invoice email will not send out, and the payment status is cancelled.
NETS payment gateways for your Magento online stores, then the above information will be useful for you.