Any consumer-facing business will need to accept money through electronic transfers, be it credit card, debit card or mobile processes. You will need a payment gateway to facilitate the transaction. A payment gateway is simply an eCommerce service that lets you accept payments from your customers. One of its core functions is to ensure that the sensitive cardholder information is encrypted and passed securely between the acquiring bank and the customer’s payment method ie, the issuing bank.
There are a number of payment gateways available and picking the right one for your business can be a daunting task.
The most popular payment gateways you should consider for your online store include: