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.

There are a number of reasons for this shift. Firstly, payment gateway aggregators offer a more cost-effective solution for businesses. Secondly, they provide businesses with more flexibility and control over their payment processing. And thirdly, they offer a more streamlined and efficient way of processing payments.

So why are payment gateway aggregators taking over the e-commerce world? Let’s take a closer look.

1.Cost-Effective

One of the biggest reasons that businesses are using payment gateway aggregators is because they are a more cost-effective solution. When you use a single payment gateway, you are typically charged a per-transaction fee. This can quickly add up, particularly if you are processing a high volume of transactions.

With a payment gateway aggregator, you are only charged a single, monthly fee. This monthly fee is often much lower than the per-transaction fees charged by payment gateways. As such, it can save you a significant amount of money in the long-run.

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2. More Flexible

Another big advantage of using a payment gateway aggregator is that they offer more flexibility. With a single payment gateway, you are stuck with the one provider. If you are not happy with the service or the fees, then you have no choice but to continue using them.

With a payment gateway aggregator, you can mix and match different payment gateways. This means that you can find the perfect combination of price and service for your business. And if you are ever unhappy with a particular payment gateway, you can simply switch to another one.

3. More Efficient

Another big advantage of using a payment gateway aggregator is that they offer a more efficient way of processing payments. With a single payment gateway, you have to enter all of your transactions manually. This can be time-consuming and prone to errors.

With a payment gateway aggregator, all of your transactions are processed automatically. This means that you can save a lot of time, and you can be confident that all of your transactions are being processed correctly.

Conclusion

There are a number of reasons why payment gateway aggregators are taking over the e-commerce world. They are a more cost-effective solution, they offer more flexibility, and they provide a more efficient way of processing payments. If you are looking for a better way to accept payments online, then an Indian payment aggregator like OnionPay is the perfect choice for you.

We at OnionPay offer an easy way for online businesses to accept multiple payment methods through our payment gateway solutions. Whether you’re just starting out or are an established business, we can help you take your online payments to the next level. If you’re looking for a way to streamline your online payments, be sure to check out OnionPay!