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Home How does the payment gateway work technically?
17 Nov 2023 By PAYCEC
In the payment world, a payment gateway is a conductor, directing a real-time dialogue between the customer, the merchant, and the payment processor.
When you click the "buy" button, the payment gateway takes over and stores your payment information in a digital vault.
It uses special codes and extra protection layers to ensure only the right people - the ones making the legitimate purchases - get through.
During the process, the gateway looks out for any signals of danger, such as someone attempting to pull a quick one. It also ensures that all expenditures, such as taxes, are accounted for.
Finally, the payment gateway seamlessly transmits the verified and secure transaction to the payment processor.
This intermediary assumes the role of a stage manager, overseeing the transfer of funds from the customer's account to the merchant's coffers with precision grounded in sophisticated financial acumen.
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