A payment gateway is responsible for approving the transaction and ensuring that the information provided is sufficient to complete the transaction. Credit or debit card information is protected by the gateway, which encrypts all sensitive data it stores. This procedure ensures that the customer’s personal information is transmitted securely to the retailer.
Then when a transaction
Ds made on the Internet, the payment gateway is part of what happens in the background. It is a key component that allows e-commerce stores to function by securely transmitting information between the website and the payment processor. The tool then returns the transaction details to the website.
You will need a payment gateway if you have an e-commerce website and need to accept credit card payments. Therefore, a payment gateway acts as a connection between your product sales and customers.
How does an online payment platform work?
In practice, all you have to do is choose a payment gateway and then connect it to your online store via a setup wizard. After that, it’s just a matter of activating the platform and receiving payments from customers. Here’s how it works:
In your eCommerce store, a customer places an order. They add products to their cart, and proceed to checkout and enter their payment information.
The payment gateway sending it to the payment processo korea telegram data over a secure connection.
The customer is then redirected
The payment processor guides the customer throu the prize for the winner can be your page’s product gh the steps required to complete the transaction.
If the payment is accepted, the payment processor verifies it and cz lists displays a confirmation message to the customer.
The customer then has the option to return to the online store.