It stands to reason that every online buyer or seller should understand at least the basics of the process of online transactions are made. When a customer selects the product/service s/he would like to buy from a merchant’s website and clicks on the ‘Make Payment’ icon (or its alternative), s/he is redirected to a payment page. S/he is then required to input their credit/debit card details — cardholder’s name, card expiration date and Security number (Card Verification Value).

This information is securely passed into, and processed by the merchant’s chosen payment gateway provider, who encrypts the card’s details, performs some fraud checks, before sending the data to the seller’s bank, and then to.. more..https://alabiansolutions.com/blog/top-5-payment-gateway-providers-in-nigeria-2/