What is payment gateway and how it is work?
A payment gateway is an application that makes the online payment process very simple and easy. It is actually a medium that connects a merchant’s mobile application or website with the bank. Its job is to capture the data, ensure funds are available and get a merchant paid. Online, a payment gateway is cloud-based software that connects a customer to the merchant.
Razorpay is a platform that enables businesses to accept, process, and disburse payments. Razorpay offers a fast, affordable and secure way for merchants, schools, e-commerce, and other companies to accept and disburse payments online, own a fully-functional current account, and avail of working capital loans.
Razorpay’s Payment Gateway supports the most extensive set of payment modes. From domestic and international credit/debit cards to UPI and mobile wallets, we’ve got you covered.
The Razorpay payment suite offers solutions for businesses to accept payments even without a website or an app. Here’s how.