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Payment gateway is the computers that seizes and shift payment data from the customer to the acquirer.
A payment gateway is what hold fast to the payments ecosystem bowling smoothly, as it enables online payments for consumers and businesses. If you’re an online trader, you don’t demand to be a payment gateway expert, but it’s worth understanding the basics of how an online payment flows from your customer to your bank account.
This item elucidate what is a payment gateway, how it works, why an online merchant needs one and how to choose which payment gateway service is right for your business.
Preparatory to we delve gaping into the definition of a payment gateway, we need to identify the key players in online payments. When a buyer clicks on the “Pay” link on your website, these are the key players involved in the payment process:
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