Payment gateways
A payment gateway is a technology that facilitates online transactions between customers and merchants. When you make a purchase online, the payment gateway securely transfers your payment information, like credit card details, from your browser to the merchant's bank. It then communicates with your bank to authorize the transaction. Once approved, the payment gateway notifies the merchant and ensures the funds are transferred. Essentially, it acts as the bridge that keeps your financial information safe during online purchases, allowing for smooth and secure transactions on e-commerce websites.
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Payment gateways are secure online services that facilitate electronic transactions between customers and merchants. When you make a purchase online, the payment gateway encrypts your credit card or bank information to keep it safe. It then communicates with the bank to process the payment and confirm whether the transaction is approved. Once approved, the gateway notifies both the customer and the seller, allowing the transaction to complete. In essence, it acts as a digital intermediary, ensuring that your payment information is transmitted securely and transactions are processed efficiently.