PAYMENT GATEWAY

What is a payment gateway and how does it work?

A payment gateway is a merchant service that authorizes credit card or direct payment processing for e-businesses, online retailers, etc. It can be provided by a bank or by a specialized financial service provider. Once the request is sent to the card processor, the payment is approved.

Difference between a payment gateway and a payment processor?

Payment Gateway. Now let’s take a look at payment gateways. A payment gateway is very similar to a payment processor in that it is a tool that transmitspayments between the customer’s bank and yours. The main difference however is that it is primarily used as a tool for e-commerce or card not present transactions.

Major Payment Gateways Supported in India

  • PayUMoney
  • CCAvenue
  • EBS
  • ICICI Payseal
  • DirecPay
  • 2Checkout
  • PayPal