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Hello everyone, who can explain to me what a payment gateway is and what are its main functions?
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Hello, payment processing is probably the most intimidating piece of the whole "online selling" puzzle when you're just getting started. And this is completely understandable. After all, that's part of the job - since you're launching a new online store - where you start working with your customers' financial information such as credit card numbers, sensitive personal details, etc. And as an ecommerce store owner, you bear the full Responsibility for ensuring the security of your customers' data first and foremost . Luckily, payment processing isn't that hard to figure out once you get the hang of it. For the most part, the hard work is done by other companies so you can focus on the core of your business.
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Hi, a payment gateway is a technology used by merchants to accept debit or credit card purchases from customers. The term includes not only the physical card-reading devices found in brick-and-mortar retail stores but also the payment processing portals found in online stores.
It is an extremely important part of building an online marketplace, as you can see. If this answer is not enough, here's another article I fould - it's on developing an online shop. Feel free to ask questions. I'll be happy to help
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Hi, answering your question, a payment gateway is a crucial component of any e-commerce website that enables businesses to accept online payments from their customers. It acts as an intermediary between the merchant’s website and the customer’s payment method, such as credit card, debit card, or e-wallet. To find out more, check the article: how to choose a payment provider
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