https://www.2checkout.com/ecommerce-resources.
What is a Payment Gateway?
The online communications system through which cardholders and merchants transfer info for a deal.
How Does a Payment Gateway Work?
The system through which authorization is (or isn’t) reached, Payment Entrances consist of third-party servers that help licensing banks approve or decrease pending deals. Basically, Payment Gateways allow sites and e-commerce business to communicate with banks and transfer any and all info to see if a transaction can be approved.
Security is an essential part of all payment entrances, as the charge card numbers transferred between merchants/websites and banks need to be secured from any deceptive celebrations. Sending an order is typically finished using HTTPS procedure, which securely interacts personal info through the parties associated with the transaction.
Many Payment Suppliers, such as 2Checkout, enable merchants with added choices when a cardholder purchases a service or product. Aside from supplying the ability for real-time transactions, these service providers can assist to equate currencies between two celebrations in different nations as well as bridge language and payment approaches.
Payment gateways usually charge the merchants and banks who utilize them a month-to-month fee or portion of the sales processed.
Source