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- A payment gateway is a bridge that connects your customer’s bank or another payment method to your merchant account123. Here's how they work together:Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A payment gateway is like a bridge. It connects your customer’s bank, or another payment method, to your merchant account. The gateway allows funds to move into the merchant account. This will happen once a customer’s details are verified, and the transaction cleared.www.freshbooks.com/hub/accounting/payment-gat…
Although they are closely related and work together to process payments electronically, they serve different functions:
stripe.com/resources/more/merchant-account-vs-p…A payment gateway is the “gateway” between merchant and payment processor and is responsible for obtaining the customer’s credit card information and payment data from the merchant. It passes this data to the payment processor securely to be processed. A payment gateway allows you to use on integration to reach many different banks and processors.www.paypal.com/us/brc/article/what-is-a-payment-… - People also ask
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WEBJul 23, 2024 · A payment gateway is like a bridge. It connects your customer’s bank, or another payment method, to your merchant account. The gateway allows funds to move into the merchant account. This will …
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WEBJun 17, 2024 · A payment gateway is a digital service that facilitates secure and encrypted transactions between a merchant and their bank and/or processor after a purchase is made. In other words, it’s the …
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