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Home What is a payment gateway in the UK?
14 Jul 2022 By PAYCEC
A payment gateway in the UK is a factor that belongs to the network in the UK that allows your customers to send money to you. Payment gateways are similar to the point-of-sale terminals seen in most physical stores. Customers and businesses must collaborate to complete a transaction when using a payment gateway. A payment gateway in the UK not only enables UK merchants to accept payments from local buyers but also international shoppers and convert the foreign currencies into your local currency.
An online payment gateway in the UK is a safe and secure method for your consumers to submit payment information on the merchant’s website, such as credit and debit card numbers or e-wallet credentials.
The PayCEC payment gateway in the Uk encrypts customer data (through SSL) and collaborates with the issuing bank to assess whether the payment is legitimate. If it is, the funds will be transferred to the merchant's bank account as soon as possible. If not, the payment will be declined, and you'll avoid facing costly chargeback fees.
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PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.
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