Remove Business Remove Financial Institution Remove Mediation
article thumbnail

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

Razorpay

Picture this: You’re a business owner with a fantastic product or service, and you’ve conquered your local market. By expanding the market and tapping into global opportunities, exports can prove to be extremely profitable for businesses. But how do you go about picking the best one for your business?

article thumbnail

What Is eMandate: Meaning and How Does It Work?

Razorpay

It serves as an underlying infrastructure for businesses in India to collect recurring payments without any human intervention. 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.

IT 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Payment Gateway vs Payment Processor: What is the Difference?

Razorpay

While sending and receiving payments online has become a part of life in the digital age, businesses are actively looking for ways to simplify seamless payments by utilising a variety of digital payment solutions that boost customer satisfaction through seamless checkout. When to Use a Payment Gateway? How Does a Payment Processor Function?

Banking 52
article thumbnail

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

Razorpay

In this article, we will explain how payment gateway works and how to choose a payment processor for your business. A payment processor is a financial service provider that enables businesses to accept and process customer payments securely. Merchant: The person or business that sells the product or service to the customer.

IT 52