Payment Gateway is a payment facilitiy that processes Credit / Debit Card payments and FPX Internet Online Banking for online businesses and traditional brick mortar stores. Simply put, a business can accept payment from anywhere in the world, through internet or mobile apps.
A Payment Gateway is a third party that validates, authorizes the payment transactions between the merchant ( business owner ) and its customers.
Payment Gateway facilitates this secured transactions by transferring key information between the payment portals ( online store / shopping cart / mobile apps owned by business owners ) and the front end processor / bank. Any disputes on the payment or purchased goods and services can be verified through a payment gateway, which gives an ease of mind to both merchant and customers.
