What does 'Payment Gateway' mean?

A payment gateway is a technology used in e-commerce websites and applications that enables secure online transactions, allowing customers to pay for goods and services electronically. It acts as a bridge between the merchant's website or application and the bank, facilitating the transfer of funds from the customer's bank account to the merchant's account. One of the key features of a payment gateway is its ability to encrypt sensitive data, such as credit card information, to ensure the security of the transaction. This is done using advanced encryption