An online payment portal (sometimes called a payment gateway) is one of the integral digital solutions that merchants need for accepting payments and facilitating transactions between their business and their customers. In order to conduct business online, merchants need:
A merchant bank, or acquirer, alongside a merchant bank account with the bank.
A payment portal, which enables the transaction to be processed, and transferred from the customer, through the payment gateway, and into the merchant bank account.
The payment portal, or payment processor merchant service, is the technology that allows businesses to send invoices to their customers, process and collect their payments. For customers, the online payment portal enables them to input their payment form and personal data, process the payment and view their transaction history.
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