Payment Gateway Vs Payment Processor- Everything You Wanted To Know In Brief

 


Original Content: Business Upside India

The terms payment gateway and payment processor are not unheard of and most people are aware of how they work. However, few are not aware of the terms and most importantly, the differences. So, in this brief article, let us find out more about the same. 

Payment gateway vs payment processor

While the two terms are used for any credit card processing solution, the two are not the same. Before we try to understand the differences between the two, let us find out the main elements in any credit card transaction. 

When your customer is making a payment with the help of a credit card, a series of processes going on behind the scenes and there are many parties involved in the same. So, if you are an entrepreneur that has just started, you must be aware of the role each one plays in this series of processes. So, look at the parties involved in the credit card payment gateway process. 

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