Definition of payment gateway

A payment gateway is a service that facilitates online transactions by securely processing payments between customers and businesses, ensuring the secure transfer of sensitive financial information.

Explanation of payment gateway

Payment gateways play a crucial role in e-commerce, enabling the authorization and settlement of online payments.

Example of payment gateway

When a customer purchases from an online store, the payment gateway securely processes the payment by connecting with the customer's bank.

Strategies of payment gateway

Select a reliable payment gateway, prioritize security compliance, and offer multiple payment options to enhance customer convenience.

Related terms

• Online payment
• E-commerce
• Secure transactions