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Click Globalization >> Payment Gateways.

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Click on the drop-down option at the left of the gateway, and select "Edit Gateway Settings".
A popup form will come up to fill in as you want. This example shows Paypal.

Name of the Gateway as you want to display it.
A description that your users will see.
Active: Set to Yes to activate this or No to deactivate it.
Test Mode: Set to Yes to test the gateway (by purchasing stuff in on the front end to see how the payments are working). Set to No to have it a as a live gateway.
PayPal Email: Where you want payments for things like subscriptions, ads, etc to go.

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Click Update to finish setting up.

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