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What is a payment gateway?
A payment gateway is a portal that is integrated into an eCommerce website to facilitate the transfer of payment securely from buyer to seller (who in this case is the eCommerce website). These are either provided by banks or third-party companies. The whole process involves several levels of security to prevent fraudulent transactions. The integration, however, is quite simple most of the times as every eCommerce framework and payment gateway has one-click install integration tools.
In these times, e-commerce businesses have become very competitive. Customers expect more value for their time and money. So it is very important to get a good payment gateway integrated to your website that provides customers with the ease of checkout and a high sense of security.