Payment Gateway For Ecommerce For Providing Instant Online Payment Solutions To Ecommerce Merchants

A simple definition of an Payment Gateway For E-commerce is the exchange of money online or the payment of products or services online. In essence, it's just a way to handle transactions electronically. Using the internet to enable a direct database link between the parties purchasing and selling the product. This entails handling information from the buyer's selected payment method, typically a credit or debit card, an e-wallet, or a checking account. Online payments are extremely common and are predicted to reach 700 billion in 2020. Since they are so easy and convenient to use. At the click of a button, money is transmitted to its intended recipients, often even instantly. However, in order to take online payments, the vendor must put up a complicated and secure system on the backend to provide usability that results in a great user experience. A merchant must collaborate with a payment partner in order to accept online payments .This takes us to the ma...