Business Studies, asked by Saurabh3494, 1 year ago

What is a payment gateway?

Answers

Answered by maahi1818
3
simply payment gateway is paytm.

in detail ----------

A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses,
Answered by orangesquirrel
0

Answer:

A payment gateway is a service that enables the functioning of e-commerce. It connects one's bank account to a platform where the money needs to be transferred.

It helps in direct processing of payments using credit or debit cards for online retailers and e-businesses. It is a platform provided by the bank to its customers and also involves a service provider. Example- Worldpay, Paypal.

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