This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Wire transfer: Typically processed by banks or financialinstitutions through a secure and networked system like SWIFT (Society for Worldwide Interbank Financial Telecommunication), it is the most preferred method for cash-in-advance.
Use Acts as a terminal for card validation and fraud prevention Acts as mediator between merchants and financialinstitutions to facilitate credit card transactions. They serve as a go-between for the merchant and the financialinstitutions concerned. This widens their reach and makes contributions more accessible.
The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. The payer receives a confirmation message and can view the status of the e-mandate on their bank’s portal or app. The payer can cancel the e-Mandate anytime by contacting their bank or the payee.
Merchant accounts require a dedicated account with a financialinstitution and offer more control over funds and transaction processes. Payment gateways enable secure fund transfers from the customer’s bank to the merchant’s account, encrypting data and acting as a mediator.
We organize all of the trending information in your field so you don't have to. Join 38,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content