The Role of Payment Gateway in eCommerce
A payment gateway is an e-commerce service that processes credit card payments for online and traditional brick and mortar stores. Payment gateways facilitate these transactions by transferring key information between payment portals such as web-enabled mobile devices/websites and the front end processor/bank. Payment gateways fulfill a vital role in the e-commerce transaction process, authorizing the payment between merchant and customer. Popular payment gateways include PayPal/Braintree, Stripe, and Square. E-commerce payment system works as the intervening medium between the customer and the merchants, through which the customer's payment is securely transferred to the merchant's bank accounts. You can find this e payment gateway as the virtual replica of the available point of sale which is located mostly in all the retail outlets. Payment gateways vs. Payment processors: what's the difference? A payment processor analyzes and transmits tran...
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