What Is a Payment Gateway?
In this video, Muthita at Statrys explains what a Payment Gateway is. From simple online stores to complex global operations, we'll break down the basics!
Every online checkout and card payment relies on a piece of technology most people never think about: the payment gateway.
In this video, Muthita from Statrys explains what a payment gateway is, how it works behind the scenes, and how it differs from a payment processor. She walks through both online and in-store payments, showing how customer payment details move securely from checkout to bank approval.
Key Takeaways
- What a payment gateway is and where you encounter it in daily life
- The difference between a payment gateway and a payment processor
- How payment information is encrypted and transmitted securely
- How card, bank transfer, wallet, QR code, and NFC payments fit into the process
- What happens step by step from checkout to payment approval
- Typical fee structures merchants pay to use payment gateways
- Why customers rarely see gateway fees directly
- What businesses should consider before choosing a payment gateway
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