True or False: A Gateway can only accept domestic transactions.

True or False: A Gateway can only accept domestic transactions.

• A. True
• B. False
• C. True for credit transactions only
• D. False for debit transactions only

Answer: (B)

A Gateway can process both domestic and international transactions, making the statement false. Payment gateways are designed to facilitate various types of transactions regardless of geographical boundaries. They enable merchants to accept payments from customers around the world, which is essential for e-commerce businesses that operate on a global scale. In addition, there are specific gateways that specialize in international transactions, supporting multiple currencies and cross-border payments. This capability allows businesses to expand their reach and provides customers from different countries the convenience of making purchases seamlessly. Thus, asserting that a Gateway can only accept domestic transactions does not reflect the versatility and functionality offered by modern payment gateways.

A Gateway can process both domestic and international transactions, making the statement false. Payment gateways are designed to facilitate various types of transactions regardless of geographical boundaries. They enable merchants to accept payments from customers around the world, which is essential for e-commerce businesses that operate on a global scale.

In addition, there are specific gateways that specialize in international transactions, supporting multiple currencies and cross-border payments. This capability allows businesses to expand their reach and provides customers from different countries the convenience of making purchases seamlessly. Thus, asserting that a Gateway can only accept domestic transactions does not reflect the versatility and functionality offered by modern payment gateways.