08/02/2022
A deep dive into Payment Gateway...
A payment gateway is a technology used by merchants to accept debit or credit card purchases from customers. A payment gateway is the simplest way for a business to collect digital or online payments from their website or app.
Online payments have become a part of our daily lives in no time. We’re transacting online not only through debit or credit cards but through numerous other modes like wallets (mobile money) as well.
Online payments are swift and convenient. They allow you to buy products and services from all over the world. If you are a seller, you can sell to anyone in the world with a decent internet connection. Your customer doesn’t even need to have a computer; a smartphone is enough.
A PG plays the role of a third party that securely transfers your money from the bank account to the merchant’s payment portal.
