A payment gateway is a digital service that acts as a secure bridge between an online store and financial institutions, allowing customers to make electronic payments for goods and services. It facilitates the authorization and processing of payment transactions, ensuring that sensitive payment information, such as credit card details, is encrypted and transmitted securely between the customer and the merchant. Payment gateways play a crucial role in the e-commerce ecosystem, enabling businesses to accept payments from customers through various methods, such as credit/debit cards, digital wallets, and online banking. They provide a seamless and secure checkout experience for customers while ensuring the confidentiality and integrity of payment data.
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