08/09/2022 Computer - IT - Webs
A payment gateway is a service that merchants, stores, and vendors use to accept credit or debit card payments from customers. The term not only includes physical card readers but also payment processing portals that can be found in online stores. Once the customer has placed the order online and proceeded to payment, they will be required to provide their credit/debit card details. Card data is securely encrypted using Secure Socket Layer (SSL) encryption, which must be sent between the browser and the merchant's web server. For each successful transaction, the payment gateway charges a transaction processing fee, called Transaction Discount Rate or TDR, calculated as a percentage of the transaction value. The payment gateway goes through a series of steps, from entering card details to paying into the merchant's account.
PayPal Clone Script is the most widely used gateway resource in the world. It provides a strong digital infrastructure to ensure fast and secure transmission of transaction data. The platform comes pre-integrated with Elavon API (a subsidiary of U.S. Bancorp). With our constantly updated products in dynamic working culture, the product feature list is updated as an ongoing process to reflect the latest inclusions.
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