Understanding Payment Gateways: What They Are and How They Operate

What is a Payment Gateway? A payment gateway is a technology that allows merchants to process payments securely from customers. It serves as an intermediary between the customer, the merchant, and financial institutions, ensuring transactions are completed safely and efficiently. How Payment Gateway Works? Step 1: Adding a Payment Gateway Once your online store is set up, integrating a payment gateway is the first step to enabling secure transactions. This allows both merchants and customers to process payments safely. Methods of Integration: API Integration: Ideal for custom websites and apps, offering maximum flexibility. Plugin Integration: Best for platforms like WordPress, Shopify, WooCommerce, and Wix. SDK Integration: Allows developers to build a custom payment experience for mobile apps or websites. Step 2: Customer Makes a Purchase Customers select products and proceed to checkout, choosing their preferred payment method (credit/debit card, UPI, etc.). The payment gateway ...