Payment Gateway holds the summary of any e-commerce site. One cannot think of making or receiving online transaction without a Payment Gateway. Payment Gateway basically refers to an e-commerce service that authorizes payments for e-businesses &
online retailers. It, in a way, stand for a physical POS (Point-of-sale) terminal located in most retail outlets. Payment gateways encrypt sensitive information, for instance credit card numbers to make sure that information passes securely between
the customer and the merchant.
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