Documents Required for Setting Up an NTT DATA Payment Services (Atom tech) Payment Gateway for Business

documents-required-for-setting-up-ntt-data-payment-services

Are you a business owner looking to set up a payment gateway service for your business? If yes, you’ve made the right decision! NTT DATA Payment Services offers the best payment gateway solutions for businesses of all kinds and sizes. Read till the end of the blog to know more about its features and the documentation needed to set up one.

Regardless of the business you own or the sector you work in, you need a payment gateway to increase your performance or growth.  Online payment gateways have become incredibly popular in recent years. They have given a whole new look to the entire online payment system. 

They are popular for various incredible features and advantages they provide to customers and businesses alike. They not only speed up and secure your transactions, but also give you several options for expanding your company both domestically and internationally.

Since almost every business now understands the need for a payment gateway to boost their sales and enhance customer experience, it is important to choose the right payment gateway service provider. 

In this blog, we have discussed in detail the various features and benefits of using NTT DATA Payment Services’ Payment Gateway for your business. We have also given you a quick brief of the different documents required by us in order to help you set up our payment gateway. 

Read till the end of the blog to find answers to some of the most asked questions about our payment gateway services.

Documents Required for Setting Up an NTT DATA Payment Services’ Payment Gateway for Business

Now that you are quite aware of the various features and benefits of using an NTT DATA Payment Services Payment Gateway for your business, let’s now know about the documentation process needed to set up a payment gateway.

The documents required for setting up our payment gateway differ for each business type. Here’s a brief overview of the same

Private Limited/Public Limited/LLP

Proofs RequiredSupporting Documents
Proof of Business IdentityCertificate of Incorporation
MOA
AOA
Proof of Business WorkingCurrent Account company bank statement (past three months)
Proof of Business ExistenceIncome Tax Registration Company PAN Card or GSTN*
Proof of Identity of Business Owners or Authorized SignatoryGovernment-approved authorized signatory identity proof (Like Voter Card/DL/Passport etc.) & Authorized signatory PAN Card details.
Other Business documents Case to Case basis
In case the Merchant/Broker is a regulated entity – valid License copy is to be provided

*PAN Card is not required if GSTN is available

Sole Proprietorship

Proofs RequiredSupporting Documents
Proof of Business Identity and ExistenceVAT Registration Or Shops and Establishments Certificate Or Trade License, TIN Or Sales Tax Registration Or GSTN Certificate.
Proof of Business WorkingCurrent Account company bank statement (past three months)
Proof of Identity of Business OwnersIncome Tax Registration Company PAN Card or GSTN*
Proof of address of Business OwnersGovernment-approved identity and address Proof of Proprietor (Like Aadhar Card/Voter Card/DL/Passport.) & Authorized signatory PAN Card details.
Other Business documents Case to Case basis
In case the Merchant/Broker is a regulated entity – valid License copy is to be provided

*PAN Card is not required if GSTN is available

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Partnership

Proofs RequiredSupporting Documents
Proof of Business Identity● Registered Partnership Deed
● Any one of Sales Tax Registration Or VAT /TIN Registration Or Shops and Establishments Certificate Or Trade License / any Govt Certificates
Proof of Business ExistenceIncome Tax Registration Company PAN Card or GSTN*
Proof of Business WorkingCurrent Account company bank statement (past three months)
Proof of Identity of Business Owners or Authorized SignatoryGovernment-approved authorized signatory identity proof (Like Voter Card/DL/Passport etc.) & Authorized signatory PAN Card details.
Other Business documents Case to Case basis
In case the Merchant/Broker is a regulated entity – valid License copy is to be provided

*PAN Card is not required if GSTN is available

Why does your business need a payment gateway?

A payment gateway is a piece of technology that operates in the background of your business. It enables you to process, validate, and accept (or deny) payments by linking your checkout software to your merchant account.

It essentially acts as a safe and secure infrastructure that connects your company with its customers. Though payment gateways are generally linked with e-commerce companies, they are essential for both service-based and brick-and-mortar enterprises too.

As a business, there are many benefits to having a payment gateway. Here are some of them

  • Faster transactions: With top-quality payment gateways, you can receive payments 50 times faster than usual. Due to this, you can give your customers a better shopping experience and easily manage your cash flow.
  • A layer of security: A third party (like a payment gateway) is more skilled at maintaining data security and handles sensitive credit card and banking information. To protect sensitive data, payment gateways employ cutting-edge encryption technologies. As a result, the chances of fraud are minimized for both you and your customer.
  • Easy to handle recurring payments: Instead of billing a customer each month, you can automatically collect payment via an auto-debit technique. Your collection process is streamlined, and as a result, your customers can manage their accounts more easily.
  • International payment methods: When you have an online payment gateway for your business, anyone from anywhere in the world can shop on your website and process payments. 

Online payment gateways enable you to freely expand your international consumer base by allowing you to accept payments in various currencies through different channels.

  • Reduced payment failures: Usually, payment gateways check the availability of funds instantly at the time users enter their banking information. The request either gets approved or declined in its initial phase itself. Due to this, the chances of declined payments or payment failures are very low.

Consider a payment gateway as the defender of your customers’ financial information. In order to reduce security risks, data is encrypted as it is transmitted from the acquiring bank to the issuer, while remaining swift and efficient in its transactions

Payment Gateway by NTT DATA Payments: An overview

NTT DATA Payments provides a hassle-free online payment gateway integration with user-friendly APIs that can easily integrate with any mobile app, website, or e-commerce platform.

You can accelerate the growth of your business by using our top-quality payment gateway service, which is integrated with 50+ banks and accepts payments through 100+ payment options, including UPI, Links, Bharat QR, EMI, IMPS, Credit and Debit Cards, Net Banking, Wallets among others. Its broad range of features is intended to help both established companies and start-ups increase sales, reduce risk, and protect consumer information.

Features of NTT DATA Payment Services’ Payment Gateway

  1. Multiple payment options: NTT DATA Payments offer 100+ payment options, including 10+ Credit Cards, 50+ Net Banking, 100+ Debit Cards, 10+ wallets, IMPS, UPI, Bharat QR Scan and Pay, EMI, NEFT/RTGS, and a lot more! 
  1. Easy retry option: It can be pretty annoying when your customer abandons their cart in the middle of their shopping journey. Or even worse, when a failed transaction causes them to do so. To keep it easier for both you and your customer, our payment gateway gives you an easy retry option. 
  1.  Invoice payment: To remind your customers about pending payments and other outstanding balances, you can generate mass invoices and share payment requests with them via email or SMS.

Multibank EMI: If your business sells expensive products and services that might need an EMI option, our payment gateway ensures that you can easily accept payments with our multi-bank EMI option available across 10+ credit cards.

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Benefits of NTT DATA Payment Services Payment Gateway

  1. All payment methods, including credit cards, debit cards, and net banking, have a single web reporting interface.
  1. To access the merchant admin interface, you can create a number of sub-users and provide them special rights.
  1. With our payment gateway, you can create an invoice for the customer to receive online payments and offer the option to upload invoices in bulk.
  1. View and download the settlement report, the transaction history and more.
  1. With NTT DATA Payment Services Payment Gateway, you can manage your transactions, refunds, complaints, and settlements- all from a single platform.

So, now, why should you choose the payment gateway services of NTT DATA Payments?

With our payment gateway, you can use intelligent data to scale your business, boost conversions and capture revenue easily and efficiently.

If the above-mentioned features and benefits are not enough to convince you why we are one of the best payment gateway service providers in the country, here are more reasons why you, as a business, must definitely consider setting up our payment gateway:

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  • 24/7 uninterrupted account validation: Experience real-time account validation all day throughout the year.
  • Tailored to meet your specific needs: No matter what kind of business you own, you can always get customized payment solutions that make your payment experience easier.
  • Quick and hassle-free: With a wide selection of options at your disposal, you can easily distribute funds both online and offline. 
  • Low reversals and failed transactions: Enjoy high success rates and very few reversals with your money transfers.
  • Minimizing fraudulent transactions: NTT DATA Payments offer a payment gateway that is PCI DSS 3.2v compliant for ensuring safe and secure transactions.
  • Updating refund balance through online console: Transfer your clients’ refund balances in a secure manner all at once.

Experience the future of payments with NTT DATA Payment Services’ safe and secure payment gateway solutions!

Conclusion

Now that you have a clear understanding of why businesses need a payment gateway and how it works, it’s time to choose the right one. The right payment gateway can revolutionise your business in more ways than one. 

Consider things like your long-term growth plans, the locations of your customers, and their preferred payment methods.  Then, evaluate your choices to select the best e-commerce payment gateway provider for your business.

As discussed above, NTT DATA Payment Services offers a seamless payment gateway designed to accept safe and secure payments, built for the growth and development of your business.

Frequently Asked Questions (FAQs)

  1. Can I accept international payments with NTT DATA Payment Services?

Yes, our payment gateway allows you to accept domestic and international online payments, subject to bank approvals.

  1. How secure is the payment gateway of NTT DATA Payment Services?

NTT DATA Payment Services has bullet-proof security backed by PCI DSS 3.2V compliance and is 256-bit encrypted, ensuring a safe and reliable transactional atmosphere.

  1. Does NTT DATA Payment Services offer customized solutions?

Absolutely! We offer tailor-made solutions depending on the nature and size of your business. We also provide customized rates for higher value and volume of transactions.

  1. What is the settlement cycle of the transactions with NTT DATA Payment Services’ payment gateway?

Our settlement cycle works on a T+0 or instant basis.

  1. Which payment methods do NTT DATA Payments provide?

Our payment gateway is integrated with 50+ banks and offers state-of-the-art, myriad payment options while keeping up and equipping you with the latest payment technologies. 

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