Descriptions:
A payment gateway is a secure and essential e-commerce service that facilitates online transactions by acting as a bridge between a customer's payment method (such as a credit card or digital wallet) and the merchant's website or point-of-sale system. It ensures the safe and efficient transfer of payment information, verifying the transaction's legitimacy, and processing the payment, all while safeguarding sensitive data. Payment gateways play a vital role in enabling businesses to accept payments from customers for goods and services in a seamless and secure manner, making online shopping and digital transactions possible.