Payment gateway is a medium that helps merchants collect payments from customers without hassles. It’s a transaction type wherein your
customer can make payments directly through the payment gateway. All they have to do is add the card details and save
them for future reference.
And it works for the customer as any transaction requires password/ OTP verification to ensure safety. So making payments through an online
payment gateway becomes convenient and easy.
Payment gateway services protect customer’s payment details and help avoid breaches of data. And further eliminating the risk of exposing
your business to fraud or additional charges. Apart from that, it also protects merchants while collecting payments as accounts with insufficient
funds or exceeding credit limits will not be able to move ahead with the transaction.