IBAN/Payment Gateway

The International Bank Account Number (IBAN) and payment gateways facilitate global financial transactions. An IBAN is a standardized format for identifying bank accounts, providing a unique code for each account across borders. It is essential for international fund transfers, helping ensure accuracy and efficiency in transactions. On the other hand, payment gateways act as intermediaries between merchants and financial institutions, securely processing online payments. Services like Stripe, PayPal, and Square are popular payment gateways, offering businesses a seamless way to accept payments through various channels. Together, IBAN and payment gateways contribute to the globalization of commerce, enabling companies and individuals to engage in cross-border transactions easily.