What is the primary purpose of an electronic payment gateway in E-Commerce?

Options

  • A. To design a website
  • B. To securely process and authorize online payments
  • C. To store physical products
  • D. More than one of the above
  • E. None of the above

Correct Answer (Detailed Explanation is Below)

B. To securely process and authorize online payments

Detailed Explanation

A payment gateway securely transfers payment information and helps authorize electronic payments between the customer, merchant and payment processor.