What is Payment Gateway

A payment gateway is an essential component of e-commerce that facilitates online transactions by securely transmitting payment information between a customer, merchant, and bank. It acts as a virtual point-of-sale terminal, encrypting sensitive data such as credit card numbers to ensure safe and secure transactions. Payment gateways enable businesses to accept various payment methods, including credit/debit cards, digital wallets, and bank transfers, providing customers with convenience and flexibility. With features like real-time processing, fraud detection, and seamless integration with e-commerce platforms, payment gateways play a crucial role in enabling businesses to expand their online presence and streamline their payment processes.

Scroll to Top