# Payment gateway

Also called: payment processor

> The service that collects a payment from a buyer and settles it to a business's bank account, handling cards, wallets and local bank methods — Stripe, Razorpay, PayPal and PayU are examples.

Source: https://prolaud.com/glossary/payment-gateway

The gateway, not the course platform, is what actually holds the payment rails and the compliance behind them. A course platform either integrates with your gateway account, or takes payments into its own and pays you later.

Which of those it is decides three practical things: how quickly the money reaches you, whose name appears on the buyer's statement, and what happens to the money if you leave the platform.

## On Prolaud

Academies connect their own Stripe account, which charges cards in US dollars, or their own Razorpay account, which charges in rupees and is the option for academies in India. Either way, settlement is between the processor and the academy's bank.

## Related

- [UPI Autopay](https://prolaud.com/glossary/upi-autopay)
- [GST invoice](https://prolaud.com/glossary/gst-invoice)
- [Zero commission](https://prolaud.com/glossary/zero-commission)