What is a payment gateway? And risk factors of online merchant accounts.

[Suresh Yadav]

An Internet payment gateway is crucial for any online merchant account
to facilitate the sale of capital and accepting payment for the same.
This is called eCommerce. This process is like any sale made in a shop
where a person buys a product and passes his card to make the
payment.

The payment Gateway has made money transaction very simple, the
customer does not have to make any tangible transaction but simply
enter the card data in a secure online form. This data include the
card number, name of the holder and the CVV number on the backside of
the card. Payment gets debited from the card in few days and is
credited to the bank account.

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