Tech

Why Payment Gateway Aggregators Are Taking Over The E-Commerce World?

In the past few years, we have seen a major shift in the way that businesses accept payments online. Whereas in the past, businesses would typically use a single payment gateway to process all of their online transactions, today we are seeing a trend towards businesses using payment gateway aggregators.

How to Choose the Right Payment Gateway Aggregator for Your Business

More and more businesses are looking for ways to take advantage of the online world when it comes to selling their products and services. In order to do this, you need to have a payment gateway that will allow you to take payments from your customers. However, with so many

How Payment Gateway Aggregation Can Streamline Your Business

Are you a business owner who is looking for a way to streamline your payment processing? If so, you may want to consider using a payment gateway aggregation service. Payment gateway aggregation is a service that allows businesses to accept payments from multiple payment processors through a single gateway. This

Evolution of Cashless Payments

The world is moving towards a cashless future. In developed countries like the US, UK, Sweden, Denmark and Norway, cash is being used less and less for transactions. In Sweden, for instance, only 3% of transactions are made using cash. There are several reasons for this shift. First, it’s

The Benefits of Payment Gateway Aggregation

In the current e-commerce landscape, there are many different types of payment gateways available to merchants. While having options is generally a good thing, it can also be overwhelming – especially when it comes to deciding which gateway to use for your business. One option that is becoming increasingly popular is

Advantages Of Alternative Payment Methods

Economic growth has no limits in the current financial system. Customers and sales are coming out of nowhere, creating new opportunities for both market leaders and emerging companies. Despite further advancements and outages in AI, financing technology and real-time payments, online retailers continue to set limits for certain customers without

Top 5 Payment Gateway Trends that Businesses Should Know in 2022

It’s not a surprise that digital transformation has changed everything under the sun, and digital payments are no exception. The payment gateway industry is constantly evolving to meet the needs of businesses and consumers. Just as technology is always changing and evolving, so too is the world of online

Tech

What is the difference between Chargebacks & Refunds?

Most buyers don’t know the difference between a refund and cashback and often use it interchangeably. But there is a big difference between the terms and only knowledgeable traders know which is the lesser of two evils. In this article, we highlight the difference between a refund and chargeback

Data Privacy vs Data Security - Know the Difference

Organizations that store or manage data, and people who own it, should not take personal data and the privacy of that information lightly. As the phase of maintaining critical confidential information such as names, accounts and health data continues, these are important considerations. Cybercriminals, like other malicious entities, have direct

A brief overview on the various types of Payment Gateways

Since different customers and buyers have different needs, it is not surprising that there are many different types of payment gateways. Depending on you and your customers’ needs, you may find that one type serves its purpose better than the other. However, when we talk about the types of payment

Tech

Importance of Alternative Payment Methods in 2022

The variety of different payment methods, both physical and online, is constantly growing. While some people prefer to shop with their smartphone, others use a more traditional method of payment: cash. Companies must therefore adapt to new payment methods to ensure that they offer as many options as possible while

Payment Aggregator 101

Payment aggregation is also known by the term merchant aggregation. This business model allows a third-party provider of payments, also known as the ‘payment aggregator’, to sign up merchants under its merchant identification number (MID) in order for them all to be processed through one master account. Examples include Google

How does Payment Gateway work in India?

If you’re an online business owner and set up your items to be displayed on the internet, choosing the right Payment Gateway is crucial. When the products purchased have been added to an online shopping cart, the buyer can then checkout. This is where the function of the Payment

Tech

A Brief Overview on Merchant Category Code

The Merchant Category Code (MCC) classifies a company’s category. Payment systems use merchant category codes to distinguish and categorize retailers and companies based on the services/goods that they sell. For example, retail stores use one code, while booking sites will use another. The standard ISO 18245 defines the

Tech

A Brief Overview of UPI Payments

India has taken an important step toward creating an economic system that is cash-free through the introduction of the Unified Payment Interface (UPI). The new payment system allows users to use their smartphones as online debit cards. It also makes the transfer and receipt of money instantly. The QR code

5 Payment Gateway Misconceptions That You should Know

If you’re a business that is looking to operate in the digital space, then you must have heard about payment gateway and its importance. In today’s digital first market, it is quite difficult to offer a good checkout experience without a reliable payment gateway. But there are several

Tech

Everything You Need to Know About Payment Gateway Aggregators

Making payments online through the system is becoming more sought-after by business owners. It is not surprising that non-cash transactions have also grown, particularly because this method also assists consumers. These transactions rely on non-cash tools like credit cards to purchase the item or service they need. If you are

Tech

Why Digital Payment Solutions are Crucial for NBFCs?

The market for digital payments and the Fintech sector have seen a huge increase as the pandemic is making more transactions contactless. Utilisation of online platforms to conduct day-to-day activities like purchasing food and groceries as well as mobile recharges saw an increase in usage as the majority of people

Tech

How Does Online Payment Work?

An online payment system facilitates electronic payments for transactions online. It has grown in popularity because of the increasing use of online shopping and electronic banking. A transaction that is online usually is the process of transferring funds from a client’s account to the merchant’s bank account. The

Tech

A Brief Guide on PCI DSS Compliance

Have you ever thought about how many credit card accounts exist around the globe? Based on rough estimates there are more than 3 billion and that number is growing. The number of fraud cases keep on increasing, too. In fact, the total amount of losses from card fraud globally are

Tech

A Quick Guide to Merchant ID

The merchant ID number can be described as a minuscule code that plays an important role in every transaction. The MID determines the process of transferring funds from the bank that issued the check through the trade account. It is also crucial in preventing errors in the transfer funds. What

Tech

Importance of Multiple Payment Options for Businesses

Economic growth has no limits in the current financial system. Sales and customers will come from any location, creating new opportunities for companies and market leaders. However, despite the rapid advancements and disruptions in financial technology in the field of AI and real-time payment, online retailers typically set limits on

Tech

Importance of Tokenization in Making Online Payments Secure

Tokenization has grown from something that is managed within the confines of a few experts using specific software to becoming the ultimate key to improving customer satisfaction during paying. At OnionPay [https://onion-pay.com/], we are incredibly grateful for these innovative solutions. As such, this article will try to explain

Tech

A Brief Guide on Payment Processing Errors and How to Avoid Them

As we all know, fraud is a significant source of chargebacks. Retailers can’t undervalue chargebacks caused by personal mistakes in payment processing. Merchants typically are accountable for chargebacks which implies that they cannot be pursued after an incident through the representation process. The only way to avoid them is

Tech

A Brief Guide on the Future of Mobile Payment Technology

Online payment infrastructure has begun to take over the world unexpectedly. It’s a trend that is growing across various industries like hospitality, hotel management, finance, and many more. The advancement of electronic transaction processing also seems promising because it will change the way that people purchase their goods and