What Is a payment gateway?

Date: 20 Oct 2022

A payment gateway is the technology used by merchants to accept debit or credit card purchases.

It acts as a secure conduit between the card holder, the financial institution holding the customer’s account and the business or person who is making the sale.

After the gateway has collected the customer’s data a payment processor uses the information to contact the customer's bank and the merchant’s account, debiting one account and crediting the other.

A multi-currency payment gateway enables a business to accept payments from across the globe in various currencies.

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