Payment Gateway
What does it mean
A payment gateway is a software system that allows for secure and fast execution of payments in e-commerce. The payment gateway acts as an intermediary between the e-shop and payment cards or other payment methods, such as bank transfers or electronic wallets.
More info
During the payment process in an e-shop, the user is redirected to the payment gateway page, where they fill in their payment details, such as credit card number or bank transfer information. The payment gateway then verifies the payment details and ensures that the payments are made securely and in an encrypted manner. Choosing the right payment gateway is important for the successful and secure operation of an e-shop, as it can have a significant impact on the conversion rate and customer satisfaction. It is important to consider factors such as security, speed of payments, supported payment methods, and cost, to ensure that the e-shop will have a suitable payment gateway for its needs.
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