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π¬ Ask Your Legal Query NowA payment gateway is a technology that captures and transfers payment data from the customer to the acquiring bank, enabling online or digital transactions securely.
When a customer initiates a payment, the gateway encrypts the transaction data, sends it to the payment processor for approval, and then returns the response to complete the transaction.
Yes, reputable payment gateways use encryption, tokenization, and PCI-DSS compliance to ensure secure transactions and prevent fraud.
Yes, many businesses integrate multiple gateways for redundancy, regional flexibility, and offering more payment options to customers.
Payment gateways usually charge a transaction fee (e.g., 1.5%β3%) and may also include setup or monthly maintenance fees depending on the provider.
A gateway captures and encrypts data, while a processor communicates with banks to approve or decline the transaction.
Yes, many gateways offer cross-border payment support with multi-currency transactions and global compliance measures.