Razorpay

NOVEMBER 30, 2023

Instead, we have embraced the convenience and efficiency of electronic payment systems, or e-payment systems. In this comprehensive guide, we’ll delve into what an electronic payment system is, explore its various types, and uncover the inner workings that make it all possible. What is an Electronic Payment System?

Electronics 52

Electronics IT Accountant Bank 52

Razorpay

MAY 6, 2024

Payment processing is the backbone of financial transactions in today’s digital world. From credit card payments to digital wallets, comprehending the intricacies of payment processing is vital in safeguarding financial interests and facilitating the smooth flow of commerce. Popular examples include Paytm and Google Pay.

IT 98

IT Financial Institution Funds Financial Transaction 98

Razorpay

SEPTEMBER 20, 2024

In the current dynamic retail landscape, choosing the right sales transaction system is crucial for the success of any business. This article will discuss the point of sale (POS) system vs cash register, highlighting their key differences, pros, and cons.

Sale 40

Sale Management Business Retail 40

Razorpay

OCTOBER 6, 2024

When dealing with financial transactions, especially in business, it’s essential to understand the distinction between various types of invoices. Terms are negotiable before the completion of the sale. A proforma invoice is a preliminary document sellers give buyers before a sale is finalised. What is a Pro Forma Invoice?

Sale 40

Sale Business Accountant IT 40

Razorpay

AUGUST 11, 2024

A payment network is a system that processes electronic payments between consumers, businesses, and financial institutions. By connecting merchants, banks, and card issuers, it enables seamless processing of credit, debit, and other electronic transactions. What types of transactions are facilitated by payment networks?

IT 40

IT Funds Bank Banking 40

Razorpay

NOVEMBER 10, 2024

The payment settlement is a process in any financial transaction where the issuing bank transfers funds from the cardholder’s account to the acquiring bank through a payment gateway. This is the final step in any financial transaction after authorisation and approval. What is Payment Settlement? Visa, Mastercard).

Bank 40

Bank Banking Funds Accountant 40

Razorpay

DECEMBER 20, 2023

To accept debit card payments, businesses need a point-of-sale (POS) terminal for in-store transactions or an online payment gateway for digital transactions. To accept credit card payments, businesses need to establish a partnership with a payment processor, which facilitates the transaction.

Accountant 52

Accountant Business Bank Banking 52