What is a payment gateway and how do they work?
Finance & Funding
Key learnings
- A payment gateway is a facility that allows businesses to receive payments from customers online.
- If you sell products and services online, you are a merchant and will need to use a payment gateway.
- Payment gateways protect merchants from expired cards, insufficient funds, closed accounts, or exceeding credit limits.
Any business that sells products and services online will be using payment gateways. A payment gateway is a facility that allows a business to receive payments from its customers. It involves the transfer of cash from one bank account to another through a series of steps, each of which are covered here. If you want to understand the mechanics of payment gateways, read our article below.
Just a second
Log in or sign up for free to view this.
You can unlock this content for free, alongside our other amazing support. Log in or click 'Sign Up' to find out more.
Already have an account?