Payment Gateway

This topic contains 1 reply, has 2 voices, and was last updated by  Genezi 1 year ago.

  • Author
    Posts
  • #25178

    Reiner
    Participant

    Hello everyone, who can explain to me what a payment gateway is and what are its main functions?

  • #25179

    Genezi
    Participant

    Hello, a payment gateway is a service that authorizes and processes debit/credit card payments for online merchants and traditional retailers, offline merchants. The payment gateway facilitates the smooth flow of such transactions by encrypting sensitive data and transferring it between the payment portal. All in all, payment gateways facilitate communication between your website or specialty store, the payment processor, and the bank that issued the credit card used to make the purchase. Security is a core component of all payment gateways, so every transaction that takes place between the merchant and the issuing bank is encrypted to protect sensitive financial information. By visiting https://payadmit.com/ you can read information about one of the most versatile payment gateways for businesses.

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