How do payment gateways integrate with external entities?
Payment gateways integrate with external entities through various methods such as application programming interfaces (APIs), software development kits (SDKs), and plugins. These integration methods allow payment gateways to seamlessly connect with third-party platforms, including e-commerce platforms, websites, mobile applications, and point-of-sale systems. API integration enables secure and efficient exchange of information between the payment gateway and external entities, enabling them to process payment transactions, retrieve payment details, and perform other related functions. SDKs provide pre-built software components that simplify the integration process by handling the technical details. Plugins, on the other hand, are specific modules or extensions that can be installed and configured within a platform to connect it with a payment gateway. Overall, these integration methods ensure smooth and synchronized payment processing between the payment gateway and external entities, facilitating quick and reliable transactions.
This mind map was published on 20 July 2023 and has been viewed 110 times.