payment-gateways
The Payment Gateway is an e-commerce service that allows the merchants to accept credit card and other forms of Internet transactions securely through the website. It is a key component of the electronic payment processing system, as it is the front-end technology responsible for sending customer information to the merchant acquiring bank,where the transaction is processed. This may be provided by a bank to its customers, but can be provided by a specialized financial service provider as a separate service, such as a payment service provider.It allows credit cards to be securely accepted on any device with an internet connection. It seamlessly connects to e-commerce or in-house payment processor, for example, credit card processing networks or online banking. It performs the important role in processing and authorizing the payment or transaction between customer and merchants and encrypt sensitive information and details of payment such as credit card number. One of the main payment gateway service provider is Authorize.net.https://www.stepskochi.com/blog/payment-gateways/
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