How does an online payment gateway work?

[cureyourhair]

How does an online payment gateway work?

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[vishnu]

Payment gateways serve as the “middle man,” handling business between merchants and customers. Serving in a role that securely withdraws the funds for a transaction from customers and deposits them into merchant's bank account. A payment gateway is a digital version of the physical point of sale (POS) terminals located in almost all of today’s retail outlets.


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[Rahul8827]

Hello, Payment gateway work as a intermediate tool b/w customer and bank as same as, In Bulk SMS API, Vendor is Intermediate b/w Customer and Operator.

[hemendrasingh]

I also want to know the information about Payment Gateway. Thank You so much for sharing this Valuable information with us.

[govind_gautam]

payment Gateways are Intermediate between Merchant and Customers, You can use them to make a transaction into bank a/c., You can pay and receive money from Any bank a/c using a Payment gateway.

[georgebell]

With an internet payment gateway, you can process credit card orders from your website in real time. ... The payment gateway then captures the credit card transaction, encrypts the transaction information, routes it to the credit card processor and then returns either an approval or decline notice.