If you use a credit card to make online purchases, then chances are you have hesitated at least once before submitting your final order. After all, you have no idea how secure your credit card information is as it travels over the Internet. As a merchant, when you sell online it means you participate in an exchange with a buyer who is not physically present, you require a secure method through which to accept credit card information over the Internet, and you need fast and convenient online payment transacting.
A payment gateway will authenticate an online buyer and seller, enable real-time credit card processing online, and protect credit card information given over the Internet, by bridging a merchant’s online storefront with the financial institutions that authorize the transactions.
Read full article to learn what types of payment gateways exist.