What is a Payment Gateway?

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The Engine for E-Commerce

Simply put, a payment gateway is the form you enter your card details into when you make an online transaction.The form securely records your details and sends them to your bank for processing – and then when an approval comes back from the bank, the payment gateway lets the website know, and your transaction can be completed.Of course, there’s a little more to it than that…Take a look at our infographic below for a more in-depth explanation.

Payment gateways are an essential part of the e-commerce landscape.

Sitting between the merchant’s website or app, and the payment processor (such as a bank), they provide the technology that allows merchants to accept payments online.

A quarter of the world’s population have used a payment gateway at one time or another, transacting online.

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The Telr Payment Gateway

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