Payment gateways are an essential part of any payment system. They are the link between your business and the customer.
There are two main types of payments: card-based and cashless transactions. Card-based transactions require a credit or debit card, while cashless transactions do not require a card or any other form of payment, but instead use some form of electronic payment such as mobile wallets or contactless cards.
There are many different types of payment gateways available on the market with different features for specific needs. The most common ones include Paygate, MoneyMatrix, Yoco, PayFast, Netcash, Peach Payments, SnapScan, PayU, SiD Payment, Pay Genius. Read more South African payment processors
These gateways offer a wide range of features that can be tailored to your business needs, such as fraud prevention and international reachability, to name just a few.
Conclusion payment gateways and how they work. Payment gateways are a way for websites to process payments from their customers. They are used by both small and large companies to accept credit card payments, PayPal, Bitcoin, and other methods of digital payment.