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 Gateway comes into play. It allows […]
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 [&hellip
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 prefer to stay at home […]
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 online transaction can be made
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 predicted to be over $35 […]
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 is a Merchant ID? A […]
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