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      • The Tax Payment through Payment Gateway option is available to all taxpayers on the e-Filing portal www.incometax.gov.in. With this service, you can make tax payment online (in pre-login or post-login mode) by using Payment Gateway which enables you to make tax payment through Credit Card, Debit Card, Net-banking and UPI.
      www.incometax.gov.in › iec › foportal
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  2. Overview. The Tax Payment through Payment Gateway option is available to all taxpayers on the e-Filing portal www.incometax.gov.in. With this service, you can make tax payment online (in pre-login or post-login mode) by using Payment Gateway which enables you to make tax payment through Credit Card, Debit Card, Net-banking and UPI.

    • What Is A Payment Gateway?
    • How Payment Gateways Work
    • Payment Gateway vs. Payment Processor
    • Example of A Payment Gateway
    • The Bottom Line

    A payment gateway is a technology used by merchants to accept debit or credit card purchases from customers. The term includes not only the physical card-reading devices found in brick-and-mortar retail stores but also the payment processing portals found in online stores. Brick-and-mortar payment gateways also have begun accepting phone-based paym...

    The payment gateway is a key component of the electronic payment processing system, as it is the front-end technology responsible for sending customer information to the merchant-acquiring bank, where the transaction is then processed. In the past, terminals would accept credit cards using magnetic strips and required paper signatures from the cust...

    A payment gateway is distinct from a payment processor, a service that connects the customer's bank to the merchant account and facilitates the actual movement of money. There are essentially two halves of the transaction: a payment gateway that collects customer information for payment, and a payment processor that uses that information to contact...

    Merchants can gain access to payment gateway systems through merchant acquiring bank partnerships or they can use their own payment gateway system. Large banks such as Bank of America (BAC)and JPMorgan Chase (JPM) have sophisticated payment gateway systems that they offer to customers along with their own merchant acquiring bank services. Ultimatel...

    Payment gateways, which are interfaces used to collect consumer payment information, are an important feature of the digital economy. By allowing customers to safely and securely share their credit cardinformation, these systems reduce some of the barriers to online commerce. While the first payment gateways consisted of simple card-reading devices...

    • Jason Fernando
  3. Oct 16, 2023 · A payment gateway is a digital service that facilitates secure and encrypted transactions between a merchant and their bank and/or processor after a purchase is made. In other words, it’s the bridge that enables the transfer of funds from the customer's preferred payment method to the merchant.

  4. Oct 16, 2023 · A payment gateway is a technology platform that acts as an intermediary in electronic financial transactions. It enables in-person and online businesses to accept, process, and manage various payment methods—such as credit cards, debit cards, and digital wallets—in a secure and efficient manner.

  5. Mar 24, 2023 · A payment gateway allows merchants to accept card payments from their customers. The payment gateway connects your customer's card information to their issuing bank. The bank then authorizes the payment. From here, the merchant can collect their funds. Payment gateways come in a variety of forms.

  6. A payment gateway is a service that helps businesses initiate and accept payments. It’s typically a web server to which a business’s website or POS system is connected, providing different channels to accept payments, such as online, in-app, or in-person.

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