​​What is Payment Gateway? How it works?

Online transaction is the fast and convenient way for users to settle payment. Due to the internet that can be reached globally, everyone can easily sell or buy all around the world.

Payment gateway is an e-commerce software that authorizes payments for online merchants, e-businesses or electronic business, bricks and clicks or traditional brick and mortar businesses.

Payment gateway performs the important role in processing and authorizing the payment or transactions between customer and merchants.

Payment gateways encrypt sensitive information and details of payment such as credit cards number. It is to guarantee that the information is passed securely between customer and merchant.

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