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What is Understanding Payment Gateways about?

A payment gateway is a software application that acts as an intermediary between an ecommerce website and a bank to authorize credit card, debit card, and other online payments. It encrypts payment information and sends it to the credit card processor, who routes it to the appropriate credit card network for authorization. If authorized, the payment gateway notifies the merchant and funds are transferred, though it may take up to 48 hours to appear in the merchant

Author

Shivam Singh

Language

EN