Definition
A Payment Gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, etc.
Usage and Context
A payment gateway authorizes credit card or direct payments for online businesses.
Frequently asked questions
What is a payment gateway in e-commerce?
A payment gateway authorizes credit card or direct payments for e-businesses and online retailers.
What is a merchant payment gateway?
A merchant payment gateway authorizes online payments for e-businesses.
Is a payment gateway a payment service provider?
Yes, a payment gateway is a type of payment service provider.
Related Software
PayPal, Stripe, Square
Benefits
A payment gateway facilitates secure and efficient online transactions, enhancing customer experience.
Conclusion
A Payment Gateway facilitates secure and efficient online transactions.
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