How Payment Gateways Work: A Complete Guide

A payment gateway facilitates online and offline transactions by securely transmitting customer payment details for authentication and approval. In this guide, we’ll explore how payment gateways function, their advantages, and how to select the best one for your business. Let’s dive in to understand why a payment gateway is essential. Table of Contents What is a Payment Gateway? How Does a Payment Gateway Work? Example of a Payment Gateway in Action Payment Gateway vs. Payment Processor Key Components of a Payment Gateway Entities Involved in the Payment Gateway Ecosystem How Payment Gateways Ensure Data Security Advantages of Using a Payment Gateway Security Features of Payment Gateways How to Get Started with a Payment Gateway Key Takeaways Frequently Asked Questions (FAQs) What is a Payment Gateway? A payment gateway is a digital tool that allows businesses to accept and process various payment methods, including credit cards, debit cards, UPI, and digital wallets, through online...