A payment gateway is a technology platform that facilitates online transactions by securely authorizing and processing payments between a merchant (seller) and a customer (buyer). It acts as an intermediary between the merchant's website or application and the financial institutions involved in the transaction, such as banks and credit card networks.
Payment gateways are vital components of e-commerce platforms, allowing businesses to accept online payments securely. They facilitate the transfer of payment information between the customer, the merchant, and the financial institutions involved.
f you run a business, conduct regular security audits to identify and address potential vulnerabilities in your transaction systems.