Business glossary
Payment gateway
Technology that securely transmits payment information for authorization and processing.
Example
A customer submits card details on a payment page. The gateway securely passes the information for authorization and processing, while settlement is handled through the provider's payment arrangement.
How it differs from related terms
A gateway connects payment systems; it is not proof that funds have settled. Match the final payment status and transaction reference to the invoice, including any refunds or disputes.
Frequently asked questions
What is an example of payment gateway?
A customer submits card details on a payment page. The gateway securely passes the information for authorization and processing, while settlement is handled through the provider's payment arrangement.
How should payment gateway be interpreted?
A gateway connects payment systems; it is not proof that funds have settled. Match the final payment status and transaction reference to the invoice, including any refunds or disputes.