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⍰ ASK What role do payment gateways play in online transactions?

When it comes to facilitating online transactions, payment gateways play a crucial role. They enable merchants to accept payments from customers through credit or debit cards. Payment gateways are indispensable for online merchants as they ensure secure processing of customer payments. Moreover, payment gateways offer a variety of features such as fraud detection and prevention, chargeback management, and payment reconciliation to assist merchants in their operations.
 

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