UNIT-2 E-COMMERCE PAYMENT
Payment Gateway: - Payment Gateway is an online payment processing technology
which helps businesses to accept credit cards and electronic checks. In other words, payment
gateways which are located between e-commerce platforms and clients. Make and take
payments quickly and easily.
A payment gateway is a technology used by merchants to accept debit or credit card purchases from
customers.
OR
A payment gateway is an online payments' service that, when integrated with the e-commerce platform,
is devised as the channel to make and receive payments. ... Post this, the customer proceeds to make a
payment, which then, gets transferred from the buyer's account to the seller's (merchant's) account.
Why is payment gateway needed?
It is used to help facilitating online transactions and get approved by issuer bank. A payment
gateway is important in e-commerce as it helps to transfer the information regarding a
transaction between payment portal and the front-end processor or bank.
Payment Gateway: - Payment Gateway is an online payment processing technology
which helps businesses to accept credit cards and electronic checks. In other words, payment
gateways which are located between e-commerce platforms and clients. Make and take
payments quickly and easily.
A payment gateway is a technology used by merchants to accept debit or credit card purchases from
customers.
OR
A payment gateway is an online payments' service that, when integrated with the e-commerce platform,
is devised as the channel to make and receive payments. ... Post this, the customer proceeds to make a
payment, which then, gets transferred from the buyer's account to the seller's (merchant's) account.
Why is payment gateway needed?
It is used to help facilitating online transactions and get approved by issuer bank. A payment
gateway is important in e-commerce as it helps to transfer the information regarding a
transaction between payment portal and the front-end processor or bank.
