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In e-commerce, payment gateway is one of the most important factors that facilitate the secured processing of credit card information between an online merchant and the online shopper, as well as the payment processor. It is a physical interface or an application service that approves the payments made by online shoppers for products and services bought online. Offering a major breakthrough in ecommerce web solution, a payment gateway initiates the payment process through several step-wise tasks. When a buyer locks on a buy and confirms the order by entering the card details and clicking on the ‘Submit’ button, the information is encrypted through Secure Socket Layer and is forwarded by the merchant to their payment gateway. The gateway takes it forward to the processor of the acquiring bank, which is further taken ahead to the card association. A payment gateway is a revolutionary ecommerce shopping cart solution that has removed all kinds of obstacles in the path of a smooth and safe online transaction, thus facilitating a progressive state for online shopping.

Had it not been for the concept of a payment gateway, which of course takes into account the undeniable participation of the key players involved here, web ecommerce solutions would not have seen the light of the day by now. Not only does it allow online buyers the confidence to submit their exclusive and confidential information and pass it on without fear to a merchant, it raises the reputational quotient of bankers and card associations as well. Ever since the inception of the payment gateway, there has been no looking back for ecommerce solutions. And why not? The whole process of transaction merely takes about 3 seconds, which in itself is a remarkable feat and speaks a lot for the kind of convenience and user ability that the service delivers. No wonder, a payment gateway is a major part of an ecommerce site design, without which its business would not make much impact or even run for that matter.