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A payment gateway refers to software that securely interfaces between an eCommerce website and a customer’s preferred mode of payment, which can be their bank account, credit card, debit card, gift card, or any online wallet.
Some recognized examples of payment gateways are Braintree, PayU, Amazon Payments, Stripe, PayPal, Skrill. With the help of an online payment gateway provider, it becomes easy to accept and process several types of electronic payments. Instead of setting up and running all the software, hardware, connections, and security, online payment gateway services offer a complete all-in-one solution. For many small businesses, the ease of a payment gateway is an excellent way to run custom eCommerce Solutions.