Limitations of the Best Payment Gateway

 

Payments by cash are being automatically replaced by payments with credit/debit cards and online. This has reduced the requirement to carry cash. Let us understand what a payment gateway is. It's an important factor of the electronic system that processes payments. All necessary information is changed between the gate through which you make the payment.

This could be your mobile phone, an e-commerce website/store, or indeed a voice response service that's interactive. The details of the guest’s cards are validated by the portal with the bank which has issued the debit or credit cards. There are four way involved in this process.