Razorpay

MARCH 21, 2024

A mandate is a standard instruction that you provide to your issuing bank and other institutions allowing them to automatically debit the mentioned amount from your bank account. This ensures that the payer is the owner of the bank account and agrees to the terms and conditions of the e-mandate.

IT 98

IT Bank Banking Accountant 98

Razorpay

JANUARY 2, 2024

Payment processors encrypt sensitive payment information, verify availability, and transfer funds from the customer’s account to the merchant’s account. It facilitates the transfer of funds from the customer’s account to your account. The authorisation process involves multiple steps.

IT 52

IT Accountant Funds Bank 52

Razorpay

OCTOBER 13, 2023

Escrow Service: This method protects both parties as funds are placed with a trusted third party who acts as a mediator. Think of them as a safehouse that holds onto the funds until the established conditions are met, after which the payment is completed. Interested? Get In Touch!

Business 64

Business Accountant Bank Banking 64

Peak Frameworks

AUGUST 24, 2023

A brokerage is a company that mediates transactions and fosters market liquidity in the financial markets by acting as a middleman between buyers and sellers. These can include account maintenance fees, inactivity fees, and fees for additional services like research reports or access to premium trading platforms. Start trading.

IT 52

IT Trading Accountant Investors 52

Razorpay

SEPTEMBER 17, 2023

It is a platform that connects your bank account to the platform where you need to transfer money. It plays the role of a third party that securely transfers your money from the bank account to the merchant’s payment portal. It follows encryption technology called Secure Socket Layer (SSL) for a safe and secure transfer of funds.

Bank 52

Bank Banking Financial Institution Accountant 52

Razorpay

APRIL 10, 2025

The transaction limit for e-Mandate is Rs 1,00,000 per transaction for specific categories: subscription to mutual funds, payment of insurance premiums, and credit card bill payments. This ensures that the payer is the owner of the bank account and agrees to the terms and conditions of the e-mandate.

IT 76

IT Insurance Bank Banking 76