Razorpay

SEPTEMBER 17, 2023

When an online purchase is made, the payment gateway transfers the transaction data and provides the approval or decline information for the payment based on various parameters. A payment processor is a service that routes a customer’s credit card information between the customer’s bank and the merchant bank.

Bank 52

Bank Banking Financial Institution Accountant 52

Razorpay

OCTOBER 13, 2023

It is important to understand these methods to make an informed decision about the right one for your business so as to reduce risks. Cross border wire transfers can incur fees depending on the banks or financial institutions involved. There are different types of export payments , each with its own advantages and disadvantages.

Business 64

Business Accountant Bank Banking 64

Razorpay

JANUARY 2, 2024

Payment processors encrypt sensitive payment information, verify availability, and transfer funds from the customer’s account to the merchant’s account. Payment processors play a crucial role in securing online payments by verifying transferred funds and protecting sensitive financial information from unauthorised access.

IT 52

IT Accountant Funds Bank 52

Razorpay

MARCH 21, 2024

The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. This status is then shared with Razorpay who in turn informs the business. The payer receives a confirmation message and can view the status of the e-mandate on their bank’s portal or app.

IT 98

IT Bank Banking Accountant 98

Razorpay

APRIL 10, 2025

e-Mandate Key Takeaways The financial institution you want to pay through e-Mandate must be registered with the National Payments Corporation of India (NPCI) to offer NACH services. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines.

IT 76

IT Insurance Bank Banking 76