Why do you need a Payment Gateway? What is Cardknox?
A payment gateway is a unit of software that allows businesses to accept credit and debit card payments for every kind of transaction. Payment information is securely encrypted and transferred between the website, the bank that handles the payment, and the bank that provided the card used to make the purchase through the payment gateway . It's an important part of the online transaction process because it approves transactions between merchants and customers. Why do you need a Payment Gateway? Any business that wants to accept online and credit card payments needs a payment gateway . The technology sends financial data to the appropriate parties in order to approve payments and transfer funds from a client to a merchant. How do Payment Gateways work? When a customer makes a purchase, many processes take place behind the scenes, but here's a quick rundown of how a payment gateway manages the transaction. When a customer uses their credit card to make a purchase, the pa