Currently, user experience is a fundamental key to completing a purchase quickly, intuitively and securely. To strengthen this point and face the average checkout rate in an e-commerce, which according to Hostinger is 69.57%, it's important to choose a payment gateway that adapts to business needs and allows a transaction in fewer steps.
A payment gateway works as a connector between the bank account and the payment processor. Its main mission is to transmit transaction information through APIs or specialized web services. During its operation, it's in charge of approving the purchase based on the chosen means (credit card, digital wallet, electronic transfer, among others).