QYR Market Research Global Payment Gateways market research | Page 3

QYResearch
• A payment gateway is an e-commerce application that authorizes
payments for e-businesses, online retailers, bricks and clicks, or
traditional brick and mortar businesses. It transmits
Transaction information to Acquiring Banks and responses from
Issuing Banks (such as whether a transaction is approved or
declined). In other words, the transaction flows through the
payment gateway, to the payments ecosystem, and should it be
approved, will eventually make its way into the merchant account.
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