Payment Gateway
Definition
A Payment Gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, etc.
Benefits
A payment gateway facilitates secure and efficient online transactions, enhancing customer experience.
Frequently Asked Questions
What is a payment gateway in e-commerce? A payment gateway authorizes credit card or direct payments for e-businesses and online retailers.
What is a merchant payment gateway? A merchant payment gateway authorizes online payments for e-businesses.
Is a payment gateway a payment service provider? Yes, a payment gateway is a type of payment service provider.
Summary
A Payment Gateway facilitates secure and efficient online transactions.