What is a payment gateway?

A payment gateway is a service provider which allows you as a business to receive payments for goods and services. Whilst some banks provide this service to their customers, the best known payment gateways are specialized non-bank financial providers. You may have heard of some of the international ones like PayPal, Stripe, Square, 2Checkout, etc. Depending on your country, you may have some payment gateways specialized in processing your local currency (and maybe international ones too) like Hubtel, PesaPal, PayGate, SlydePay, PayStack and many more.

With a payment gateway, it's easy for you to send invoices to your clients and have them pay with a few clicks via their preferred payment method, be that a debit/credit card, bank account or mobile money wallet. So if you're running a business and want to streamline your payments and implement a system, we recommend you sign up with a payment gateway.
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