A payment gateway is an application that authorizes online payments implemented by businesses on their websites. They keep e- commerce transactions safe and ensure communication between the business and banking centers through a secure system.
Payment gateways are becoming increasingly relevant: a yearly growth of 21.7% in market presence is projected. In this model, your company deals with the credit card operators and banks, while the payment gateway is only responsible for the communication protocols between both parties.
It is an ideal choice for any business regardless of size, as there is always a service to fit its needs. Payment validation is done in real time, securely and directly to the bank account of your choice. And if you need to make a refund, it is easy to do so and keep your customers satisfied.