Transaction Cost

3.4% + 40 cents per transaction

Credit cards

All major types of credit cards

Type of Scheme

TDR *
(Credit Cards)

TDR *
(Net Banking)

Merchant Account

2.50%+service tax

2.50%+service tax

ICICI Payment Gateway Details

As mentioned, this option presents an opportunity to provide convenience and a security to browsers to make a host of payments for a variety of reasons without leaving the environs of their home or office. Being the Internet, all barriers of proximity or locale are a thing of the past. A card transaction can be processed through thePayment Gateway that can be integrated with your website which ensures that all card related details will be processed in a secure environment and will encrypted in a 128 bit SSL format throughout the transaction flow. This excellent product is commercially referred to as Payseal. 

To give you a flavor on the technicalities as well as features of Payseal

PAYSEAL - ICICI BANK PAYMENT GATEWAY

Payseal enables organisations to accept Internet payments in a completely online real time environment

The gateway offers 128-bit SSL encryption, with real time authorization and capture of transactions.

The gateway can process both domestic and international credit cards – Visa and MasterCard.

Background

• Payseal was launched in July 00, and is currently offering its services to over 180 clients across India.
• The service is provided with ICICI Bank as the acquiring Bank

Current Client Base 
We currently have over 180 clients across a wide array of industry segments including Indian Railways, Indiatimes.com, Rediff.com, RPG, Indiainfoline, Traveljini, Apollo Health, 123india, Easybuymusic etc. 

The Process Flow

a.         Customer visits merchant website, selects the goods / service of his choice represented in the website

b.        Merchant presents the order / reservations page to the customer with the transaction amount in India Rupees ( & preferred Foreign Currency in case of international transactions - The currency conversion from INR to the selected foreign exchange would be performed by the Merchant )

c.         On Selection of credit card as a payment mode, the merchant servers would transmit an encrypted digital order to the payment gateway systems, with the amount field in INR.

(A client software would be installed at the Merchant server site to facilitate generation of encrypted digital orders and decryption of digital receipts. The digital order generated would contain the session id, merchant id key, return url, amount and locale to identify the transaction)

d.        Customer would be presented with two secure Payseal screens (128 bit SSL protected). Payseal would capture consumer card details from the consumer browser, based on the consumer order information provided by the server systems.

e.         Payseal would receive the authorization for the required amount and pass on the same to the client server via a digital receipt.

It would take under 15 seconds for Merchant to receive the digital receipt on receiving the details from the customer

f.      Merchant would confirm the order to the customer in the selected property.

g.     Merchant to capture the transaction for every sub merchant within 13 days from the date of authorization receipt. Online capture would occur via a merchant administration module provided to the merchant, providing access to the gateway server.

h.     Merchant would receive transaction amount net of the agreed transaction charges into the respective ICICI Bank merchant id accounts on submission of POD (Proof of Delivery / Completion of Service).

i.      Merchant would receive the corresponding FIRC (Foreign Inwards Remittance Certificate) documents to deposit foreign exchange in their EEFC account for foreign exchange transactions.

Main Features

1.        Customer is provided with two SSL HTML pages from the Payseal server – wherein the merchant does not receive the card details.

2.        Time taken for the authorization confirmation is 10 – 15 seconds from the time the consumer confirms the Pay button.

3.        A unique and extensive Merchant administration module facilitating online capture of transactions and extensive records of all transaction information conducted via the ICICI payment gateway. The Merchant Administration module enables extensive MIS reporting and monitoring of financial transactions.

4.        Extensive Transaction features including refund and part capture of credit card transactions processed via the ICICI gateway, applicable for all valid credit cards issued by Visa and MasterCard.

5.        ICICI Bank would act as the Acquiring Bank, providing a merchant id account for processing of credit card transactions. The merchant may open an account at any ICICI Bank branch across India.

Advantages
The ICICI payment gateway offers a comprehensive technology and banking solution for your organisation’s online payment requirements.

Security
The gateway offers 128-bit SSL encryption

Easy Installation, operation and Management
As most of the software is hosted at our own sites, the gateway eliminates the need for complex software and large databases at your site.

Swift and Flexible Integration 
The gateway offers a number of programming interfaces, which can be customised, to integrate with all leading storefront platforms.

Swift transaction processing
The gateway offers a completely online, real time solution on a reliable Internet payment platform, with authorisations received in under 15 seconds.

Efficient Administration
The unique Merchant administration module facilitates extensive MIS reporting and monitoring of transactions conducted via the gateway Merchant

Implementation Experience
The ICICI Bank  payment gateway has been successfully implemented across most leading platforms and been operational since July 2000

Comprehensive Transaction Features
The gateway offers separate authorisation and capture modules for each transaction, providing the flexibility for your online transactions.

Verisign Certification
The gateway servers are authenticated by Verisign.

Bank Branch Network 
ICICI Bank offers an extensive branch network across India with 320 branches. Payseal is a cost effective option to create a pay option through MasterCard and Visa credit cards at present. In the near future we look forward to creating the opportunity to process other cards as well, which will naturally become available to our existing relationships. 

Terms & Conditions 

1.      OSTL is liable to execute the project successfully.

2.      Customer is liable to pay the amount mutually agreed by OSTL and the customer.

3.      OSTL would not be held responsible for any financial disputes, if arrives due to online payments.

4.      The above-mentioned cost is only for one year and need to be renewed annually.

5.      The above said price is for the features mentioned, which can be varied as the order varies.

6.       Mode of Payments:

·  100% in Advance of the E-commerce implementation cost. 

All queries regarding the same are welcome. 

Assuring you with the best of our services all time.