Payment Gateway in UAE Payment Gateways Before we go into the details first I will briefly describe what (PG) is and how it works. According to Wikipedia A payment gateway in UAE is a merchant service provided by a trade request service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks, and clicks, or conventional brick and mortar. The (PG) may be provided by a bank to its clientele, but can be provided by a special financial service as a separate service, such as a payment service provider.” HOW DOES IT WORK? Not all the payment gateway in UAE works in the identical manner but more or less following steps are involve: A buyer visits the site and places an order at the checkout; he may need to enter his credit card details. The website then securely sends the purchase features to the (PG). The (PG) then dispatches the details to the seller’s bank, where his account is. The merchant’s bank then contacts the customer’s bank and exchanges the purchase detail…
