The goal of most of the applications is to earn money to their owners. And if you are doing mobile commerce, you are interested in the matter of efficient and safe payment gateway integrations. Fortunately, we can cover this issue for you!
How to integrate payment gateway in Android and iOS applications
First, you need to decide what type of purchases are involved. If we are talking about in-app purchases, the problem of payment processing can be solved rather simply: AppStore and Google Play services come to the aid. However, in addition to digital goods, there are physical products or subscription offers, and they should be discussed in more detail.
In this case, you will need an intermediary, namely - payment gateways.
You need an app concept, but let’s assume you have it already.
Mobile commerce will total $142 billion in revenues by the end of 2016 according to Forrester forecasts.
The average order value for tablet purchases is $98.07 and $81.27 for mobile purchases.
Set up card distinguishing by the first four numbers.
Others feel reluctant, especially after the recent series of major data breaches.
However, as long as you are selling physical products or subscription plans for your software, then you can choose any payment gateway integration that suits your business needs most (and avoid the 30% payment cut Apple and Google takes from every app purchase made).
Wikipedia lists over 70 payment gateways, each having different terms, fees, and features.
Some handle a hundred transactions per month while others process the same amount each hour. Some of them have transparent pricing, some of them are full of “hidden fees”.
Let’s be real: there are a lot of pitfalls you can easily fall into if you’ve never dealt with payment gateways.
To make your life easier, I’ve made a list of 13 simple questions that will help you avoid them and make a better informed decision.
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