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What is a payment gateway?

What is a payment gateway?

If you want to start paying online, you need to use a variety of technological means to ensure the process is safe, efficient and legal - including payment gateways.

payment gateways are the bridge between a customer's card and a business bank account and play an important role in accepting credit or debit card payments online.

payment gateways protect card details by encrypting sensitive payment information such as the primary card number.subscription payment gateway, This ensures that the information passed between the customer, the merchant and the recipient (the bank that approved the payment) is secure.

Since payment gateways are fundamental to the internal operations of e-commerce sites, you may need to learn more about them. Here, we'll go into further detail on what an enterprise payment gateway is, how it's researched to improve work, and how much it costs.

On-site checkout, off-site payment

purchases in the checkout section will be performed on your website, but payment processing is through the payment gateway's website.

Stripe is an example of a payment gateway that uses this approach.

pay on the spot

If you have a large e-commerce site and expect a lot of large-scale sales, building your own payment processing system on the site is a good option. This approach allows you to create a smoother user journey and keep your customers on your website. You also have complete control over the design and overall checkout experience.

However, with great freedom comes great responsibility. This option can be costly and requires some technical knowledge. In addition to the gateway itself, you will also need to handle your own merchant account, SSL certificate and pCI compliance

payment Gateways and payment processors

payment gateways securely transmit online payments to payment processors. The payment processor then processes and develops the transaction between the credit/debit card and the acquiring bank.

In other words, as long as you have a high enough transaction volume to process, you can offset the higher monthly fee with a lower transaction fee.


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