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What is a Payment Gateway?

A payment gateway is an efficient technology used by merchants to accept payments against purchases from customers by creating an electronic way for sending and receiving payments when both parties are connected via an e-commerce or digital commerce platform. Nowadays, online payment is growing in popularity due to increasing customer demands. Consequently, businesses are incorporating technology from the payment aggregators like SSLCOMMERZ to address these needs.

Online Payment Gateways in Bangladesh

In Bangladesh, internet users are rising quickly, leading many people to make payments online, especially after the pandemic, the habit of online payments have risen up. Online payment gateways are getting more valuable in the e-Commerce market because of their simplicity and effectiveness in collection of digital payments.

SSLCOMMERZ, the largest payment aggregator has been dominating the eCommerce market in Bangladesh since the beginning of its inception in 2010. This pioneer provides priority service and straightforward, secure payment choices to make clients feel at ease and delighted.

Importance of payment gateways

Payment gateways are unquestionably crucial to keep online businesses operating in the current modern economy. Legitimate transactions are safely delivered to the processor thanks to a dependable payment gateway aggregator platform like SSLCOMMERZ. The importance of payment gateways are:

• Through a payment gateway, a merchant can receive payments from customers and make payments through a variety of channels.
• In e-commerce, a payment gateway is crucial because it facilitates the information transfer between the e-commerce portal and the front-end processor or bank.
• Payment gateways can aid e-commerce businesses by reducing the incidence and severity of credit card fraud.