PAYMENT FIELD NOTES
Payment gateway
The interface or service transmitting a payment request to the processing stack. It is not automatically the acquirer or merchant of record.
What it means
The interface or service transmitting a payment request to the processing stack. It is not automatically the acquirer or merchant of record.
A practical example
A storefront may connect to Stripe or PayPal while supplying only the checkout interface. Its platform fee can be additional to the gateway’s processing charge.