E-Commerce

The Comparative Study of Different e-Commerce Payment Gateways

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Executive Summary

E-commerce payment gateway is the access point to the online banking network. All online transactions must pass through a payment gateway to be processed. The payment gateways act as a bridge between the user's website and the financial institutions that process the transaction. Gateways process the different transactions between user and web browser. A payment gateway authenticates and routes payment. In this paper, the authors have focused on different e-commerce payment gateways, and also have a deep comparative study, analysis of different online Gateways. An Internet e-commerce payment gateway is a critical infrastructural component to ensure that such transactions occur without any hitches and in total security over electronic networks.

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