What is the purpose of an online payment gateway?

A payment gateway is what keeps the payments ecosystem running smoothly, as it enables and facilitates online payments for consumers and businesses. Being an online merchant, you don’t need to be an expert on payment gateway and how it works, but it’s worth understanding the basics of how an online payment flows from your customer to your bank account.

This article explains what is a payment gateway, how it works and what is the difference between payment gateway and payment processor.