What Is Payment Gateway In E-Commerce?

What is Payment Gateway in E-Commerce?
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WHAT IS A PAYMENT GATEWAY?

Payment Gateway in E-commerce is a Payment processing solution utilized by online shopping website. It coordinates between the merchant and the acquiring bank. The Payment Gateway is offered by a Payment Service Provider and it offers a secure environment for the financial transaction.

There are various payment options available for e-commerce websites like Credit debit Card Solution, Echeck Solution, Bitcoins, Bank Wire, Vouchers and Check by Mail.