The Payment gateway Plugin Feature will be used in the Store Seller. Paymentgateway is an online payment platform powered by stripe. It provides a simple and powerful way to send and receive the payments. Payment gateway simplified the payment process, accepting a wide variety of debit and credit payment methods, ACH, Wire, Contactless Payments.
In simple terms, payment gateway is a network through which your customers transfer funds to you. When using a payment gateway, customers and businesses need to work together to make a transaction.
Once your customer has placed an order, the payment gateway verifies the customer’s card details and checks if they have enough funds in their account to pay you.
Using a payment gateway is not just for transferring money, it has other benefits as well. The most significant advantage of a payment gateway is the fact that it allows millions of users to use it at the same time, making it possible for you to purchase or sell goods and services whenever you want.
White-Label Software: Some payment gateways allow you to make digital transactions through mobile apps.This is the current trend, as it enables the user to make all his/her transactions by just sitting at one place.You can bring in your money from the account balance to the mobile app and then further use it to make payments on other apps or websites