Snapdeal set to launch own payment gatewaySnapdeal is one of the most popular online marketplaces. It is now planning to launch it's own payment gateway for secured online transactions. This facility will help snapdeal users to transact easily and securely without any technical errors. Also, snapdeal will be able to license this service to other e-commerce websites and make profits.
Snapdeal's payment gateway is expected to validate and authorize credit card payments as well as process them in a secured manner. This will help customers who do not like to opt for the COD option i.e. cash-on-delivery payment method. There are quite a few online shoppers who prefer using credit cards, but do not use them online due to lack of secured payment gateways. By having their own payment gateway, Snapdeal will allow such customers to start making credit card payments.
After Flipkart, Snapdeal will become only the second Indian online website to start using their own payment gateway.