Payment Gateway

Glossary

Payment Gateway

Glossary

WebDynamic Web Glossary

A computer system that acts as a mediator between a merchant account and online storefront. Payment gateway is used in authentication of credit card information and real-time charging from a credit card.

The system facilitates the secure transmission and authorization of credit card transactions to the appropriate credit card processor. Payment Gateways use encryption to secure sensitive information, such as credit card numbers and client information.