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Payment Gateway

A payment gateway is an e-commerce application service provider service that authorizes credit card payments for e-businesses, online retailers, etc.
It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways protect credit card details by encrypting sensitive information, such as credit card numbers, to ensure that information is passed securely between the customer and the merchant and also between merchant and the payment processor.
A payment gateway facilitates the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the Front End Processor or acquiring bank.


6 comments:

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  5. As a UK-based business owner, navigating the world of payment gateways can be daunting. However, I've found that options like Stripe and PayPal provide seamless integration, robust security features, and competitive rates. Their user-friendly interfaces and comprehensive customer support have streamlined my transactions and boosted my confidence in handling online payments. Overall, choosing a reliable payment gateway is essential for fostering trust and facilitating smooth transactions in today's digital economy.

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