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Multi-currency payment processing appears in a situation when your business starts accepting credit cards from customers using foreign currencies. Therefore, when you can receive money not only in one currency, for instance, US dollars, but also many others, it can be called Multi-currency payment processing.

First of all, a chargeback is a form of protection a customer can use. It occurs when a customer is disputing a charge listed on his credit card statement. Here are some reasons for chargebacks:
• The merchant’s name cannot be recognized on a credit card statement.
• A customer is charged more than once for the same purchase.
• Merchant has not delivered the agreed upon service.
• A customer is unsatisfied with a product or service.
• Fraudulent transaction.
• Item not received.
• Technical problems.

Generally, you have two ways to dispute a transaction: refund or chargeback. While a refund comes directly from a merchant, a chargeback comes from your card issuer.

А payment gateway is a technology that accepts and transfers payment data from the customer to the acquirer. The payment gateway may be provided not only by a bank to its customers but also by a specialized financial service provider as a separate service, such as a payment service provider. A payment gateway makes you feel calm about the availability of customers’ funds, validating card details securely and eventually enables merchants to receive payments.