Payment gateway is an E-Commerce application service provider service that authorizes payments for E-Businesses, Online retailers, Bricks and clicks, or traditional brick and mortar firms.

Its physical equivalent is the Point-of-sale terminal located at retail outlets.


Payment gateways

• Facilitate and encrypt information relating to credit card numbers. This is done to ensure that proper security is maintained in every online trading, and the transaction information passes securely between the customer and the merchant.
• Facilitate the transfer of information quickly and securely,  between a payment portal/website and the front end processor or acquiring bank
• Deposit the total of the approved funds in to the merchant's nominated account