Payment Gateways are online credit card validation and processing system that allows vendors to sell their products and services online. Silicon House has helped hundreds of businesses to accept payments online. Silicon House is the only organization in India to offer payment gateways with the lowest transaction rate [ Rate charged per transaction made online ]. Our aim is to provide Payment Gateways at the lowest possible cost so that Small and Medium Businesses can harness the full potential of Internet.

Why go for a Payment Gateway ?

Payment Gateways are very handy in completing a sale online. For instance, there are many items such as gifts, electronic gadgets, software etc which are purchased online. The whole activity of online sales ends with payment processing using Payment Gateways. Payment Gateway also indirectly serve as means of Validity of a company, Makes impulsive buying possible, Allows clients to use their card and use their credit period.

Above all, it shortens the duration for making payment for a client as well as realization of payment by the vendor.
 

Dedicated Payment Gateways: This type of payment gateways are directly issued to the vendor. Usually the per transaction fee will be lowest for this payment gateways. Billing is done in the Vendor Name Itself. Hosting environment needs to be setup specially for running sites with Dedicated Payment Gateways. This consists of Economy and Premium Packages.

Shared Payment Gateways: This type of payment gateways are issued as a third party payment processing to the vendor. The per transaction fee is very high when compared to Dedicated Payment Gateways. Billing is not done in the vendor name. Hosting environment does not require any special environment setting to be done. This consists of Economy and Premium Packages.

Dedicated vs Shared Payment Gateways
 

	Dedicated PG		Shared PG
Feature	Economy	Premium [ Recommended by Silicon House ]	Economy	Premium
One Time Setup Fee	7500	15000	6999	21500
Annual Fee	10000	10000	1200	2400
Per Transaction Fee	5.0 to 3.5 %	3.5 to 2.5 %	7%	5%
Billing Name	Your Own	Your Own	Third Party	Third Party
Payment Realization	Instant	Instant	Weekly	Weekly
SSL Encryption	128 bit SSL	128 bit SSL	128 bit SSL	128 bit SSL
Cards Accepted	VISA / MASTER	VISA / MASTER	VISA [ Master requires additional formalities ]	VISA  [ Master requires additional formalities ]
Environment Settings	Required	Required	NA	NA
	Sign Up Now !	Sign Up Now !	Sign Up Now !	Sign Up Now !

Steps in getting a Dedicated HDFC Payment Gateway
 

Apply Online: Click here to apply online. Supply only accurate details. Verification: Our Risk and Legal team will verify and update you of technical and commercial req. Submit Requirements: Submit the required Technical and Commercial req. On verification, test payment gateway will be enabled Test Payment Gateway: Test your shopping cart with our Sandbox payment gateway. Go Live: On successful testing and approval, Go Live !

How to get a Dedicated HDFC Payment Gateway ?

Check Before You Apply : The Pre-requisites

The following are the general pre-requisites to apply for a HDFC Payment Gateway;

1. Sales turnover of Rs.60 Lakhs per annum
2. Last 2 years of profitable balance sheet
3. HDFC current account [ Can be opened during the course of application also ]
4. Proper manufacturing or servicing setup with office and employees etc.
5. Products or services sold cannot include but not limited to drugs, medicines, alcohol, multilevel schemes etc.

Step 1: Apply Online

The first step to get a payment gateway is to apply online. Click here to apply online. Once you have applied, we will review the application and update you with the technical and commercial details. Unless you receive a confirmation from us, please do not proceed to the documents stage.

Step 2: Verification

On meeting the basic pre-requisites, you will be verified for the following but not limited to;

Location and Business Verification like office premises, sign boards, invoices, customers etc.

Your company's existence for atleast last 2 years with profit balance sheet and a sales turnover of 60 lakhs per annum.

Website must contain;
Domain Whois must contain your correct contact details
Terms and Conditions
Privacy Policy
Cancellation and Refund Policy
About Us
Shopping cart with Customer Registration
SSL
Product Catalog
Type of Product
Server Security Testing [ This is important and a detailed PCI Scan / verification is done. ]

Step 3: Documents & Other Requirements

For most of the payment gateways, the documents required are almost the same, except few variations. Extra documents or credentials are required to be submitted if request by the Bank.

1. Commercial Documents
2. Technical Documents
 
Commercial Documents Required For Payment Gateways

If Sole Proprietor

1. Proof of proprietorship
2. ID Docs of the proprietor
3. Ecommerce Agreement
4. Risk Monitoring Acceptance in the company letter head
5. Charge Back Dispute & Acceptance in the company letter head
6. Balance sheet for the past 2 years duly signed by your auditor
7. Profit / Loss Account for the past 2 years duly signed by your auditor

If Partnership

1. ID Docs of Authorised Partners as specified in the partnership Auth letter
2. Photocopy of the partnership deed
3. Company Pan no
4. Ecommerce Agreement
5. Risk Monitoring Acceptance in the company letter head
6. Charge Back Dispute & Acceptance in the company letter head
7. Balance sheet for the past 2 years duly signed by your auditor
8. Profit / Loss Account for the past 2 years duly signed by your auditor

If Private Limited

1. Copy of ID proof of all the directors with " Company For Seal and Signature of all the directors "
Any one of the following is accepted as ID proof;

1. Voters ID
2. Pan Card
3. Drivers License
4. Passport

2. MOA and AOA documents along with Certificate of Incorporation. If certificate of incorporation is not included in MOA or AOA, it can be provided separately.
3. If all the directors are not mentioned in MOA or AOA, then Form 32 must be provided for directors who are not mentioned in the MOA or AOA.
4. All the directors must sign the Ecommerce Agreement and Board Resolution in each page with For Seal of the company.
5. Risk Monitoring Acceptance in the company letter head
6. Charge Back Dispute & Acceptance in the company letter head
7. Balance sheet for the past 2 years duly signed by your auditor
8. Profit / Loss Account for the past 2 years duly signed by your auditor

Technical Documents for all of the above categories

Detailed Technical Document briefing about Security, Firewall, IT Policy, Environment Settings Etc.

Training

Your employees must be trained on using and following Payment Gateway Best Practices as mentioned in the HDFC manual.
Fraud monitoring systems and methods must be in place and your employees must be trained in them.
Logistics / Proof Of Delivery Documentation for handling Charge Back Disputes.

Step 4: Testing Payment Gateway in Sandbox Interface. Once you receive the test kit from HDFC, you can host in your Payment Gateway Hosting Account and test with the Sandbox URL. Please note that Payment Gateway Hosting Account for resellers must be purchased separately @ Rs.1999 per annum.

Step 5: On successful completion of the Sandbox testing, you will be provided with live kit from HDFC, which has to be hosted to integrate with your shopping cart.