A Payment
gateway is a type of technology that facilitates transactions online
through secure transmission of payment information between merchants, customers
as well as banks. The gateway encrypts financial data that is sensitive to
ensure safe and smooth transactions. Payment gateways accept a range of
payment options such as credit and debit cards, digital wallets as well as bank
transfers. They're essential to e-commerce companies, as they allow fast
and secure payment processing. Some of the most well-known providers
include PayPal, Stripe, and Authorize.Net. A secure payment gateway can
improve the experience of customers and increase business profits by making
transactions smooth.
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