Secured payment process for your personal information.
What are payment gateways?
An online payment gateway (PG) is a tunnel that connects your bank account to the platform where you need to transfer your money. A PG is a software that authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI or the many online wallets that are available these days.
A PG plays the role of a third party that securely transfers your money from the bank account to the merchant’s payment portal.
To explain this in simpler terms, at the time of buying a mobile case from a popular digital platform like Flipkart, when you make the payment for the case, a payment gateway helps you in the process by transferring your money to Flipkart securely. The payment gateway behaves like a bridge that has all the security and compliance that is required to process the payment.
Also, take a look at the below video explanation from our trusted payment gateway partner.