how does internet payments gateway work
A payment gateway is a server that is dedicated to linking websites and banks so that online credit card transactions can be completed in real-time. Payment gateways work by providing the secure, integral link between a website (web server) and the bank.When credit card details are submitted on a website the payment gateway receives these details and sends them to the bank for verification.here are three main requirements for a payment gateway to work: 1  A website that meets the security and eligibility requirements for the bank to issue a merchant account. 2  A merchant account from a bank. 3  A merchant account is a special kind of bank account that can be linked directly to a payment gateway.