A Payment gateway is a merchant service that is provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider.
A payment gateway process a payment transaction by the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the front end processor or acquiring bank.
The Following are Payment Gateway Processor You Might Know
Paystack is the payment processor of choice for some of the fastest-growing businesses in Nigeria. Paystack helps businesses in Africa get paid by anyone, anywhere in the world.
Paystack merchants enjoy some of the best online payments success rates in Nigeria. it was Founded in 2015
Flutterwave is a payment technology company focused on helping banks and businesses provide seamless and secure payment experiences for their customers. They accept both local and international card payment and was founded in 2014.
PayU is a Netherlands fintech company that provides payment technology to online merchants. It was founded in 2002 and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications.
Stripe is a fintech company in San Francisco, California. Its software allows individuals and businesses to send and receive payments over the Internet . They provides the technical, fraud prevention, and banking infrastructure required to operate online payment system.