Author: vernatucker5

Within the digital age, where online transactions are the backbone of global commerce, understanding the mechanics behind these transactions is crucial for businesses. Two key players in this ecosystem are the payment gateway and the payment processor. While they’re often used interchangeably, they serve distinct capabilities in the on-line payment process. Understanding the differences between a payment gateway and a payment processor might help companies make informed decisions when setting up their on-line payment systems.What is a Payment Gateway?A payment gateway is a technology that acts as an intermediary between a merchant’s website and the monetary institutions involved within the…