What is Payment Gateway ?

Payment gateway is an internet enabled service that automates the payment transaction between customer and vendor. Used for online transactions, payment gateway is usually a third party service that online vendors integrate with their business setup (online or offline) to take payments from customers via credit cards or any other form of electronic payment.

Subject : E-Commerce

Disclaimer: The term explained above has been compiled with consideration and care after consulting multiple sources. Despite our continuing efforts, we advise- the readers should not take decisions completely based on the information shared by FATbit on its glossary section.