Payment Gateway

A payment gateway is a merchant service that handles credit card transactions for businesses. It serves as the intermediary between a merchant's website or billing system and the financial institutions involved in payment processing.

Key functions of a payment gateway include:

• Encrypting sensitive payment data
• Routing transactions to appropriate processors
• Implementing fraud prevention measures
• Managing payment authentication
• Facilitating refunds and chargebacks

Payment gateways are essential infrastructure for modern subscription and billing systems, enabling secure and reliable payment processing.