What is a Payment Gateway?
Payment gateways are an essential part of the e-commerce process. They are online services that allow merchants to securely accept payments from customers. Payment gateways act as a middleman between the merchant, customer, and payment processor. They encrypt the customer’s payment information and securely transmit it to the payment processor.
Payment gateways also provide merchants with fraud prevention tools and analytics to help them better understand customer behavior.
Popular Payment Gateways include PayPal, ApplePay, AmazonPay and more.