Confused by payment gateways and processors? This video breaks it down in simple terms, with clear examples to help you understand: The key differences: Gateways collect & verify info, Processors handle the nitty-gritty. How they work together: See the seamless flow from customer checkout to your bank. Why security matters: Dive into tokenization & encryption - your customers' data is safe with you! Plus, bonus tips: Choosing the right providers: Find the perfect fit for your business needs. Avoiding common pitfalls: Stay secure and compliant. Whether you're a business owner, developer, or just curious, this video is your one-stop shop for understanding payment processing! Keywords: payment gateway, payment processor, online payments, credit card processing, ecommerce, security, tokenization, encryption, online business, small business FOLLOW ME ON: ▶️ Main Channel: /bytemonk Timestamps - 00:00 - Introduction 01:06 - Payment Gateways 02:12 - Encryption 02:30 - Tokenization 02:45 - Encryption vs Tokenization 03:36 - Payment Gateway Working 05:55 - Payment Processor System Design Interview Basics Playlist: ► AWS Certification: ►AWS Certified Cloud Practioner: ►AWS Certified Solution Architect Associate: ►AWS Certified Solution Architect Professional: