Card scheme: Difference between revisions

Content deleted Content added
m Typo/general fixes, replaced: vice-versa → vice versa, ’s → 's
Line 54:
===Payment gateway===
 
A [[payment gateway]] is a key party, responsible for [[online transactions]], passing card data from consumer to merchant, and a to a relevant bank through the card scheme. The process usually takes place at [[POS terminal]]s in retail locations, or by means of [[Online payment|online payment services]] for [[website]]s. A payment gateway imparts whether the charge has been processed by the cardholder's bank and moves it further for settlement.
 
==Fees==