Payment Gateway, Payment Processor and Payment Security Explained

Confused by payment gateways and processors? This video breaks it down in simple terms, with clear examples to help you understand:
The key differences: Gateways collect & verify info, Processors handle the nitty-gritty.
How they work together: See the seamless flow from customer checkout to your bank.
Why security matters: Dive into tokenization & encryption - your customers' data is safe with you!
Plus, bonus tips:
Choosing the right providers: Find the perfect fit for your business needs.
Avoiding common pitfalls: Stay secure and compliant.
Whether you're a business owner, developer, or just curious, this video is your one-stop shop for understanding payment processing!
Keywords: payment gateway, payment processor, online payments, credit card processing, ecommerce, security, tokenization, encryption, online business, small business
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[@rajatbhardwaj4728]

Can you please give examples of companies dealing in Payment Gateway and Payment Processing in India? An example would help to understand better.

[@ByteMonk]

Razonpay, CCAvenue. PayTM and PhonePe are digital wallets, but also provide Payment Gateway. I may provide a more detailed video on their inner workings in future, let me know.

[@user-ln6tn2vu2e]

I can cash out bank cards and gift cards

[@user-xj6fp8mc1o]

cool... now How Can I Build One Myself?

[@lance3401]

So, that's when it comes to the system design, and requirements, and many other things to keep in mind.