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What Is eMandate: Meaning and How Does It Work?

Razorpay

In 2001, you needed money and had to take a bank loan. After visiting your bank, you received a pamphlet with loan details. You compared other banks, gathered documents, submitted them, and waited for verification. You approached a bank for a loan and realized you could avail benefits without visiting the bank.

IT 98
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What are export payments and how to choose the right one for your business?

Razorpay

A letter of credit (LC) is a contractual agreement between the importer and exporter’s bank, promising payment upon meeting the mentioned terms and conditions in the LC. This is done by providing specific documents, which upon verification by the banks, releases payment from the buyer’s bank to the exporter’s bank.

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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. A payment gateway authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI, or the many online wallets that are available these days. What is a Payment Processor?

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

Razorpay

A payment processor is a service that facilitates online transactions by securely transmitting payment data between the merchant, customer, and acquiring bank. From a merchant’s perspective, a payment processor is an intermediary between your website or point-of-sale system and the customer’s bank.

IT 52
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What is a Retainer Fee? (Definition, Examples in Finance)

Peak Frameworks

While they're seen in numerous sectors, their significance shines particularly in investment banking , private equity, and corporate finance. In modern times, their usage has expanded, notably in sectors like investment banking and private equity , adapting to the dynamic needs of the financial industry. Why Retainer Fees?

Finance 52
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What is Office Politics and Why Should You Care About It?

Peak Frameworks

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course , which help thousands of candidates land top jobs every year. It involves navigating relationships, influence, and power dynamics to achieve both personal and organizational objectives.

IT 52
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What is a Brokerage and How Does It Work (Types, Definitions, Examples)?

Peak Frameworks

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. If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course , which help thousands of candidates land top jobs every year.

IT 52