Why is a payment gateway important? Make online transaction payments secure

Why they are so important. At first, payment gateways don't seem "that" important.

They are basically just the middleman for the overall transaction. google pay payment gateway for website However, payment gateways are more important than you might think.

Keep in mind that online transactions are called "cardless" transactions. Cardholders can't swipe their cards to give you access to their bank accounts, so different types of credit card processing are required.

For online stores, you need to rely on the credit card information provided to you by the customer on the checkout page.

It is difficult to determine if the payment information provided is actually the person's card. The risk of fraud is much higher when cardless transactions occur.

With a payment gateway, you have a solution. If you remove the payment gateway from your online experience, it will be easier for fraudsters to access your card data. This will expose your business to more chargebacks and fraud problems.

Fraudsters can also initiate transactions illegally in other ways, making you more vulnerable to reputation issues and fraud. Since the payment gateway is the gatekeeper of your customer's payment data, it uses data encryption technology to transfer sensitive information to the gateway.

It uses data encryption technology to minimize the risk of sensitive information being forwarded from you, the merchant, the receiving bank and the issuing bank.

The gateway also helps protect you from insufficient funds and the actual inability to pay on your account.