What is a Gateway?
A gateway, otherwise known as a payment gateway, is technology that securely communicates and transfers information relating to payments between a restaurant's POS system, web order, payment processor, and the bank.
Restaurants use payment gateways to process:
- Credit card transactions
- Debit card transactions
- Contactless payments
- Mobile wallet transactions
- Online ordering transactions
- Delivery and takeout transactions
Without the use of a payment gateway, it is impossible for any electronic payments to be taken in a secure manner.
Common Features of Restaurant Payment Gateways
Modern payment gateways typically offer:
- Payment encryption
- Fraud prevention and detection capabilities
- Tokenization
- EMV compatibility
- Contactless payment technology
- Mobile payment options
- Real-time transaction processing
- Reporting and analytics
These features help improve both security and operational efficiency.