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web3glossarypayment gateway
Payment Gateway

Summary

A payment gateway is a service that authorizes and processes payments for e-commerce and online transactions.

Detailed Description

Payment gateways act as intermediaries between customers, merchants, and financial institutions to facilitate transactions securely. They encrypt sensitive data, such as credit card numbers, and transmit it to the payment processor. Payment gateways can be integrated into websites or mobile apps to provide seamless checkout experiences. Popular examples include PayPal, Stripe, and Square.

Category
Finance/Web3
Synonyms
Online Payment Service
Payment Processor
Digital Payment Gateway
Transaction Gateway
E-commerce Gateway

Impact Details

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Yirifi's stakeholder, regulatory-compliance, and risk-impact analysis for this term.

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E-commerce Checkout

Payment gateways facilitate secure checkout processes for online retailers.

Industries:

Retail
Hospitality
Travel

Platforms:

Shopify
WooCommerce
Magento
Mobile Payments

Allowing users to pay via mobile applications and devices.

Industries:

Retail
Food Services
Transportation

Platforms:

iOS
Android
Subscription Billing

Payment gateways can automate recurring payments for subscription-based services.

Industries:

SaaS
Entertainment
Healthcare

Platforms:

Stripe
Braintree
Non-Profit Donations

Facilitating online donations for charities and non-profit organizations.

Industries:

Charity
Fundraising

Platforms:

PayPal
GoFundMe

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FAQs

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