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 a business owner, it is important to take a moment such as this to help to build your business by offering an option to receive and manage payments. This can be accomplished through a receipt for payments feature.
In actuality, providing payments can be challenging since the threat of fraud is present everywhere. So, you require an aggregator for payments to facilitate the process of paying while making sure that transactions are secure.
What do we mean by payment gateway aggregator?
The payment aggregator is a commercial model that functions in the role of intermediary between retailers as well as payment receivers. Therefore the payment aggregator is described as a third party who manages all transactions of merchants through one account. By using a payment aggregator business owners no longer have to manage receipts for transactions that are not cash.
In addition, payment aggregators may be used to facilitate different kinds of transactions, like using debit or credit cards. It is not surprising that businesses who employ payment aggregators are able quickly run their business and deal with customers more efficiently. They don’t have to handle the process of payment regularly.
Benefits of a Payment Gateway Aggregator
Here are some of the top benefits of a payment gateway aggregator –
- Cost-Effective
The model of a payment aggregator is a cost-effective and effective solution for large amounts of transactions that are smaller. This is the reason they are a great fit as an online marketplace. They can boost electronic wallets and debit or credit processing. There are no charges or fixed costs.
- Application Process
It’s far easier than opening a merchant account. It provides a fast entrance in the world of small-scale business. There is no requirement to file formal paperwork or visit the bank. Businesses can begin accepting credit card payments within a few hours.
- Instant Access
A payment aggregator can be quick and simple to set up. It’s as simple as signing for an account to process an eCommerce payment. It opens the door for more talent to be introduced to the market, and provides consumers with more choices to purchase.
Grow your business with OnionPay
If you’re looking for the best Indian payment aggregator, OnionPay is the best choice for you. Owned by Zhudao Infotech Private Limited, OnionPay is a PCI DSS Level 1 certified digital payment gateway with Superior Checkout Experience and multiple payment options. Get signed up today!