In this blog, we explore the essence of it and unravel why your business can no longer afford to overlook this fundamental tool in today’s competitive market. Join us on a journey of discovery as we explore the significance, benefits, and indispensability of integrating a gateway into your business framework. What is a Payment Gateway? A payment gateway is a merchant service that verifies the cardholder’s details and allows the transfer of funds from the customer. It serves as an interface between merchant websites and payment processing banks. Gateways can be used for multiple types of payment. It encrypts customer details in online and offline transactions. In stores, these gateways consist of point-of-sale (POS) terminals that accept credit card information by card or smartphone. There are exclusive gateways to facilitate payment in cryptocurrencies like bitcoin. https://valorpaytech.com/what-is-a-payment-gateway-and-how-does-it-work/