As a newbie, the whole process of selling online is all too unfamiliar yet alone some terms or words. Words may be too technical to comprehend or too jargon - does not ring a bell at all! Word of the Week will be updated regularly to help us understand these words more or refresh our knowledge. It's time to broaden our vocabulary! :)
Word of the Week: Payment Gateway
Payment Gateway is an online service for eCommerce transactions. It is also referred to as Merchant Gateway since it facilitates the payment of the buyers to the merchant. Generally, it is a third-party service with a system that process, verify, and accept or decline credit card transactions on behalf of the merchant through secure Internet connections.
Samples of Payment Gateways:
You may also refer to the article from Link hidden: Login to view
for alternatives to the above-mentioned payment gateways.Link hidden: Login to view
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