Payment gateways permit merchants to accept credit card payments by connecting payment processors (the service charging the card) and merchant account providers (the service providing your payment systems). Gateways are payment services — typically provided for an additional fee — that process credit cards online through an e-commerce site or in-person through a credit card terminal. A payment platform improves the overall performance.
How Payment Gateways will boost sales on your website:
- Convenience and ease of use
- Impulsive buyers converted to customers
- Expanded customer base
- Faster transactions
- Security and reliability
- Need of the hour