What is a Payment Gateway? How to Use One to Process Credit Card Payments

[@jasminethomas5247]

Love the content. I am a new business owner!

[@MerchantMaverick]

Congrats on your new business!

[@KanicaBhushan]

Hi, it's a really informative video! I just wanted to know how a bank can support the payment module if I receive money from the customer, deduct my fee, and then transfer the rest of the amount to the seller.

[@MerchantMaverick]

Hi Kanica! We aren't sure what you mean by "payment module." Do you mind clarifying a little bit more for us?

[@heyloveistheway]

Hi why is it better to have a gateway with Stripe than just lettingStripebe the processor without a gateway? What are pitfalls if you don't? Does anyone know? Tx so much

[@MerchantMaverick]

Hey there! Stripe is a payment gateway and a payment processor in one. It serves both roles at the same time. You cannot use Stripe separately from its gateway services and you also can’t use Stripe with an outside gateway. We hope this helps! 💪

[@weshall632]

Billdesk❤

[@bradbaker3271]

I don't understand "and the fees owing to all parties of the transaction." Could you break this down for me? Thanks! (4:30)

[@MerchantMaverick]

Hey, Brad! When it comes to payment gateways specifically, you’re usually just paying the gateway service (or payment processor) if they’re one and the same. With that being said, a gateway isn’t much use on its own. To learn more about payment gateways and how they work, check out our detailed article! www.merchantmaverick.com/payment-gateway/

[@meekbronsen6668]

DO you teachers teach with a black board?

[@MerchantMaverick]

Hey there! That's something we've never considered but will certainly look into. We appreciate the feedback! Thanks for stopping by 😊

[@danielquist4799]

Please am confused. I don't understand it

[@MerchantMaverick]

Hey, Daniel! We're sorry to hear you're still confused after watching our video. Have you tried checking out our full article on payment gateways? It might be an easier way for you to digest the overall process & all the information. We hope this helps! www.merchantmaverick.com/payment-gateway/