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Payment Gateway
Definition
A service that securely processes online payments between customers, merchants, and banks.
In Plain English
A payment gateway is like the card terminal for an online checkout.
Real-World Example
Stripe, PayPal, and Adyen are payment gateways used in websites and apps.
Why It Matters for Your Work
Payment choices affect fees, fraud prevention, checkout conversion, and supported countries.
Common Mistake
Assuming payments are just a button. Refunds, disputes, taxes, and compliance also matter.
Related Terms
View SSL
SSL
The security protocol that encrypts data between browsers and servers, shown by the padlock icon.