An online payment gateway is essential to control the flow of payments you receive. It works essentially like an intermediary between you, the trader, and the acquiring bank where you hold the account.
Payment gateways do not exist instead of your bank or service provider, but will simply ensure the security and validity of payment transactions conducted on your company's behalf. Since these gateways deal with sensitive credit card information, proper security such as data encryption must be equipped. Simply put, these companies make sure payments made to you as a merchant are valid and land safely on your merchant credit card account.
A clear advantage of recruiting 2D payment gateways is that credit card fraud can be avoided. In addition, it is easier and faster to process credit cards.
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