A Global payment gateway is a necessity to complete global online transactions. It securely processes payments from customers and enables businesses to accept payments through various channels like websites or apps. There are four types of payment gateways, each with its unique features:

..1.         Hosted Payment Gateway

The hosted gateway directs customers to an external payment page to complete the transaction. It's easy to set up, but customers temporarily leave the merchant's website to make the payment, which may reduce conversion rates.

..2.         Self-hosted Payment Gateway

Unlike the hosted type, the self-hosted gateway allows customers to enter payment details on the merchant's site. It offers a more seamless experience, but businesses need to handle security and compliance themselves.

..3.         API-hosted Payment Gateway

This type integrates the payment process directly into the merchant's website or app using APIs. It provides a fully customized payment experience, enhancing user trust and conversion rates. However, it needs technical knowledge to install and maintain.

..4.         Local Bank Integration Gateway

A local bank integration gateway connects directly to a specific bank, streamlining transactions for customers. This option can be beneficial for businesses operating in specific regions, but limited bank support may pose a challenge.