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Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Scalability: Finding a scalable payment gateway is vital to business growth and long-term success. How much does a payment gateway cost?
Here is a brief overview of the process: Initiation: The payment process begins with the creation of an electronic payment request by the payer. This request includes data such as the paymentamount, payee information, and payment due date. Compatibility: Another key consideration is compatibility.
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