How do payment gateways integrate with external entities?

Payment gateways integrate with external entities through various methods such as application programming interfaces (APIs), software development kits (SDKs), and plugins. These integration methods allow payment gateways to seamlessly connect with third-party platforms, including e-commerce platforms, websites, mobile applications, and point-of-sale systems. API integration enables secure and efficient exchange of information between the payment gateway and external entities, enabling them to process payment transactions, retrieve payment details, and perform other related functions. SDKs provide pre-built software components that simplify the integration process by handling the technical details. Plugins, on the other hand, are specific modules or extensions that can be installed and configured within a platform to connect it with a payment gateway. Overall, these integration methods ensure smooth and synchronized payment processing between the payment gateway and external entities, facilitating quick and reliable transactions.
This mind map was published on 20 July 2023 and has been viewed 58 times.

You May Also Like

How do factory farms impact animal welfare?

What successful sports investments has Bain Capital made in the past?

What are the benefits of a mind map?

How can Azure AI Fundamentals benefit businesses?

How is masculinity depicted in Young Mungo?

What does Cost per thousand (CPT) mean?

What is omnichannel marketing?

How can AI control improve efficiency and productivity in a country?

How can I manage ADHD without health insurance?

What is anemia?

What are the different classifications of anemia?