Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Online Payment Gateways and other Shopping Cart topics.
An internet payment gateway sits between your online shopping cart and the various financial institutions, such as your merchant account and the customer's credit card account. It handles the online payment processing. As part of the online payment processing process, it encrypts and decrypts the financial data on its way to and from your shopping cart. This is all transparent to your customer, who only interacts with the shopping cart software itself. Your shopping cart probably has various plug-ins that let it interact with several different internet payment gateways.