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 concept eliminates the need for […]
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 misconceptions regarding payment gateways for which you […]
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 digital payments for cer
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, we are incredibly grateful for these innovative solutions. As such, this article will try to explain the concept of tokenization and its underlying benef
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 not to be associated wit
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 shop for their produ
Everything You Need to Know About Payment Gateway Settlement
In the realm of payment processing, one of the most commonly used phrases shop sellers are aware of is “payment gateway settlement“. In this article, we will be shedding light on various aspects and functions of payment gateway settlement. What is Payment Settlement? Payment processing typically occurs in two significant steps: Authorization and
Payment Gateway 101 – How to Keep Transactions Safe and Customers Happy?
Online payment gateways have evolved so much in the last few years. Digital payment solutions have never been so convenient and easy for the users as it is now. But, these payment gateways have also been vulnerable to hackers or scammers. As such, payment processors could be the most vulnerable asset for companies. In fact, […]
How do payment aggregators affect the user experience of your product?
The customer experience at an online store can vary from bad to good and the middle. If you can provide a positive customer experience, they tend to buy once and return to purchase more. If you offer a poor experience, they’ll never return to the store. A positive user experience (UX) isn’t dependent on one […]
How Can Payment Aggregators Help Avoid Payment Fraud For eCommerce Companies?
With the evolving conditions, credit unions must be aware of cybersecurity within the “new normal” environment by implementing a comprehensive security plan that will secure their own information as well as the information of their cardholders. Digital Payment gateways, also known as “payment portals,” are now essential for the securi