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What Is a Payment Processor? Meaning, How It Works, and Example

Razorpay

Payment processors encrypt sensitive payment information, verify availability, and transfer funds from the customer’s account to the merchant’s account. From a merchant’s perspective, a payment processor is an intermediary between your website or point-of-sale system and the customer’s bank.

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The Benefits of Using a Business Broker to Sell Your Company

Sun Acquisitions

A business broker acts as a crucial intermediary, facilitating the sale and providing numerous advantages to make the entire process smoother and more successful. Unlike individual sellers, who may need help finding qualified buyers, a business broker can quickly connect with interested parties, thus expediting the sale.

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What are export payments and how to choose the right one for your business?

Razorpay

Escrow Service: This method protects both parties as funds are placed with a trusted third party who acts as a mediator. Here, the exporter and importer’s bank facilitate the export sale, and fees are lower as banks don’t verify the documents nor guarantee payment. Interested? Get In Touch!

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Understanding the Process: Steps Involved in Selling Your Business

Sun Acquisitions

However, selling a business is not as straightforward as putting up a For Sale sign and waiting for buyers to flock in. Step 1: Preparation and Valuation Before putting your business on the market, preparing it for sale is crucial. This step thoroughly examines your company’s financials, operations, and market position.

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Payment Gateway vs Payment Processor: What is the Difference?

Razorpay

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. Bank Approval: Your bank reviews the request and checks your account. What is a Payment Gateway?

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