Payment Gateway

A payment gateway is a service that processes credit card transactions and facilitates secure money transfers between customers and merchants. It acts as the bridge between the client’s payment and the agency’s bank account.

Example

An agency using Wayfront might connect to Stripe or PayPal as their payment gateway to securely accept client payments online.

Related terms

ACH Payments Dunning Management Monthly Recurring Revenue (MRR)

Related article

How to Accept Online Payments at Your Agency
Pass-Through Expenses Performance Metrics

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