What is Payment Terminal?
It a point all of the network or a company that allows internet user to enter into other network and pay online for their purchases online stores via websites.
It is similar to POS as present inside physical shops. POS is Point Of Sale that is a terminal being found each and every and every retail shop made up of bricks. This service is provided by various banks like Citibank etc.
The main issue involved with Payment Gateway is Security i.e. encrypting the crucial and sensitive credit card details like credit card numbers of the shopper and sending the same from shopper to merchant and from merchant to payment processor.
The linking of get store with payment gateway is called Payment Gateway Integration.
Procedure of Payment Gateway:
Why Online Payment Gateway is needed?