Webstiffy Technology Pvt. Ltd. is total IT solutions, Service based and product based multi-purpose Company. India is now becoming digital country. We provide technology to exponentially increment of customer business in the new era of world.
Payment Gateway:
A payment gateway is an online payment service that is designed to make and receive payments when it is coupled with an e-commerce platform.
The consumer must fill in some information, such as credit/debit card number, expiration date, and CVV, in order to receive payments.
Following that, the consumer makes a payment, which is subsequently transferred from the buyer’s account to the merchant’s account.
What is the Role of a Payment Gateway:
- The main role of an online payment gateway is to approve the transaction process between merchant and customer.
- It plays a vital role in the online transaction process and authorizes transactions between merchants and customers.
- It helps the e-commerce platform aggravate its existence with ease of payments to offer to its customers.
- Besides, it also leads to the e-commerce platform gaining rapport for leading to not only quick and secure payments but also convenience and success with the same every time.
- A payment gateway service can be provided by banks directly or a payment service provider authorised by a bank.
