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What is Payment Processing? How It Works and Its Advantages

Razorpay

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.

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What Is an Electronic Payment System & How Does It Work?

Razorpay

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?

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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials. Corporate accounting refers to the process of recording a company’s financial transactions. What is Corporate Accounting?

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Accounting Information System (AIS)

Wall Street Mojo

Article Link to be Hyperlinked For eg: Source: Accounting Information System (AIS) (wallstreetmojo.com) In simple words, it is a system to collect and store all information related to financial transactions and events so that they can be retrieved for decision making by the internal management, accounts, CFOs, auditors, etc.

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Guide to Payment Methods, How to Accept with Pros and Cons

Razorpay

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.

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Transaction Motive

Wall Street Mojo

What Is A Transaction Motive? Transaction motive refers to the desire to hold cash to facilitate everyday cash-based financial transactions such as business and personal needs, covering payroll, purchases, and bill payments. Two major factors drive its functioning: the level and frequency of transactions.

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POS System vs Cash Register: Key Differences, Pros and Cons

Razorpay

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.

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