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What Is A Payment Gateway And How Does It Work?

Using an online payment gateway app isnu2019t as complex as some may think. Once you understand what it is and how it works, using it is almost like a childu2019s play.

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What Is A Payment Gateway And How Does It Work?

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  1. What Is A Payment Gateway And How Does It Work?

  2. PAY APP Ask Your Customers to Pay You Anytime and Anywhere. With Pay App start asking your clients to pay you in an easy and fast way, via payment links sent by SMS and WhatsApp.To start, you only need to download the app and sign up to enter your business details, and your information to start receiving your money.

  3. A payment gateway is a fairly common term for people who own an e-commerce business. But if you aren’t into e-commerce, it is a new term for you, and using it may almost feel like uncharted territory. In reality, using an online payment gateway appisn’t as complex as some may think. Once you understand what it is and how it works, using it is almost like a child’s play. • What is a Payment Gateway? • In the simplest of terms, a payment gatewayis used by merchants to accept credit and debit card payments from the customers. It is a service that authorizes credit card and debit card payments for online and offline businesses, without its authorizations the payment does not proceed. It can be described as an equivalent of a physical point of sale terminal in a store. • How do Payment Gateways work? • The payment gateway processes payments from a customer to the merchant in the following way: • The customer selects a product and proceeds to the checkout page. Then selects a payment method.

  4. He is then securely redirected to a server by the payment gateway for authentication. • After the authentication is complete, the transaction is approved by the customer’s bank. • The merchant gets a message for payment received and customer for money deducted and payment completed. • The transaction of the bank is settled by the payment gateway and the payment gateway further settles it with the merchant. • Using an online payment gateway app reduces the chances of credit card fraud. You can rest assured that the customer data is encrypted and secure since the payment gateways act as the go-between to make sure of it. Be certain to choose a payment gateway with proper certification to avoid security problems. THANK YOU

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