Don’t make this mistake! 😳 | Payment Gateways VS Payment Processors
Payment Gateway VS Payment Processor: What's the difference?
You’ll often see the terms payment gateway and payment processor in close proximity to each other, and they can sound pretty similar. They are, however, not interchangeable terms.
A payment gateway handles the eCommerce portions of your transaction, including encryption and transmission of data between parties. A payment processor provides a merchant account or aggregator service and is responsible for settling transactions between the issuing bank, the credit card association, and the acquiring bank.
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