Actually, currently the payments for the app in Android market are made through Google Checkout but this mean is not feasible for everyone. Because there are some users who haven’t this account and they are hesitant to make a new Google Checkout account; thereby not able to pay for Android apps. For the facilitation of these guys, Google is in talking with Paypal so that android market will open up to a small portion of PayPal’s 87 million users — in particular, those without credit cards.

If this payment method will be accepted then the users will be find it easy to make payments of android application through their saving account whereas Google  Checkout accepts only credit cards.

It is also said in Bloomberg that the revenue of Android market may be paid through paypal mean and this is a great opportunity for developers to get on-board with Android.

I can bet that you also like this new incentive as well. Am I Right?

When you go to a shopping mart, you pay for your items selected at a specific physical point of sale terminal. Payment gateway executes the same purpose. It is an online ‘point of sale terminal’ for your web transactions or web shopping.

One must also be wondering, is such procedure secure and reliable? well absolutely. Payment gateway protects and secures your personal and sensitive information details such as credit card number and payment processor information.

The question how payment gateway works and what role does it play in e-commerce, has a simple answer. To be specific, payment gateway is a source of information transfer between any payment portal and a Front End Processor.

The aforementioned payment portal may include any website, your mobile phone, or any IVR service. When you place an order or directly purchase anything through your payment portal, the command is sent through a SSL encryption (in case of a website).

The concerned merchant then forwards the order or transaction details to their respective payment gateway which is also done through SSL encryption. Now comes payment gateway’s real task. Payment gateway then forwards the received transaction details to the Front End Processor i.e. merchant’s acquiring bank.

The Front End Processor then transfers details to the respective card association which is basically the credit card service you select (MasterCard, Visa, etc.) On approval, the credit card association sends back information to payment gateway.

Payment gateway then finally approves the transaction at payment portal. This whole process though seems to be very long but in fact it takes a maximum of 2 to 3 seconds. In short, if there is absence of payment gateways, no e-commerce and no e-business!