Web payment processing is the way online businesses accept payment for the sale of their goods and services. Online payment platforms have three components: a merchant account, a payment processor, and a payment gateway. A merchant account is basically a bank account, while a payment processor is a company or financial institution that manages the transaction between the customer and the business. As banks are unable to transfer funds directly from one to the other, the payment gateway mediates the transactions between a business website and the payment processor.
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- Card payments
- Bonga points payment
- Bank Transfer
- Airtel money