A payment gateway is the technology that securely captures and transmits payment data from the merchant to the payment processor. For an in-person transaction using an app like Charge for Stripe, the gateway encrypts the card information the moment it’s tapped, inserted, or manually entered, and sends it securely to the processor (Stripe) for authorization. It’s the digital equivalent of a physical point-of-sale terminal.
Frequently Asked Questions (FAQs)
- Is a payment gateway the same as a payment processor?
No, but they work together. The gateway is the secure messenger that passes the payment information, while the processor is the service that actually routes the transaction through the banking networks. With modern services like Stripe, the gateway and processing capabilities are bundled into one seamless service. - How does a payment gateway keep my transactions secure?
Gateways use security protocols like encryption and tokenization to protect sensitive cardholder data while it’s in transit, ensuring it cannot be intercepted and read by fraudsters. - Do I need a separate payment gateway to use Charge for Stripe?
No. Stripe’s services include a built-in payment gateway. Charge for Stripe connects directly to this all-in-one system, so you don’t need to manage a separate service.
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