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payment gateway

A payment gateway is an application service for e-commerce companies.

It is comparable to the classic POS terminal, Point of Sale (POS), in a stationary store. The payment gateway ensures the encryption of credit card data, authorizes payments and thus realizes the actual handling of the payment process. It is the link between the seller, the buyer and the intermediary payment service providers ( PSP).

Englisch: payment gateway
Updated at: 09.09.2020
#Words: 63
Links: gateway (GW), application service, personal operating space (WPAN) (POS), terminal, encryption (ENC)
Translations: DE

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