Payment gateways are devices that allow a merchant to accept credit card payments for the goods or services they sell. Payment gateways allow the customer’s credit card information to be passed on to the financial institution that issued it.
Payment gateways are usually set up at the cash desk in the merchant’s store. You will also find payment gateways available on smartphones for people who provide mobile services. There are also versions of these payment processors that are based online so that customers can purchase goods from online retailers.
Usually, when a customer finds something they want to buy on a website, there is a button they need to press that says something like “submit order”. The customer’s web browser may encrypt the transmitted data.
Once the merchant receives the information, it forwards the information to its gateway. The information will be re-encrypted after being sent from the merchant to the gateway.
The gateway takes the payment information and bangladeshi payment gateway sends it to the payment processor of the financial institution that issued the cardholders’ credit limit. The issuing bank will perform a fraud check to ensure that the transaction is being made by someone authorized to charge the account.
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