What is Payment Gateways
A payment gateway is a service provided by an e-commerce application provider, that allows credit card or direct payments processing to e-Commerce stores, online retailers. An eCommerce payment gateway is responsible for all transactions of the store, only you need to enter the details of your credit card on the page and make the purchase of the product. A payment gateway is what keeps the payments ecosystem going smoothly, as it allows online payments for customers and companies. If you’re an online business person. you don’t need to be a payment gateway expert, but it’s worth knowing the basics of how an online payment proceeds from your customer to your bank account.
Paypal
Paypal is a kind of Payment method (Gateway) which is an American organization working as an online payment system in the majority of countries – supports online money transactions. It gives you an easy and fast way to send and request money online. You can transfer money abroad to family, friends, online shops, and sale sites and shop the items online.
How does PayPal work:
Users from all over the world use the PayPal app to transfer, support, and access their money securely. It is free of cost. Manage your bank account or PayPal Cash balance to send money to someone using their phone number or email. But why it isn’t available in Pakistan?