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Payment Gateways and payment processors are the two sides of a coin in the payment processing chain. The terms are not unknown in the world of finance. Whether you own a business or not, you must have heard the terms and wondered about the difference. The role of payment processors and payment gateways differ, yet each is a vital component in accepting digital payments. Ecommerce has evolved over the year with the revolution of people’s modes of payment. Moving from paper money to plastic money, eWallets and then UPI, payment applications have exceptionally paved the way in our lives. If you are confused about the difference between a payment gateway and payment processes, then you are at the right place to clear all your doubts and take the appropriate decision to grow your business.
