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What are export payments and how to choose the right one for your business?

Razorpay

Wire transfer: Typically processed by banks or financial institutions through a secure and networked system like SWIFT (Society for Worldwide Interbank Financial Telecommunication), it is the most preferred method for cash-in-advance.

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Payment Gateway vs Payment Processor: What is the Difference?

Razorpay

Use Acts as a terminal for card validation and fraud prevention Acts as mediator between merchants and financial institutions to facilitate credit card transactions. They serve as a go-between for the merchant and the financial institutions concerned. This widens their reach and makes contributions more accessible.

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What Is a Payment Processor? Meaning, How It Works, and Example

Razorpay

Merchant accounts require a dedicated account with a financial institution and offer more control over funds and transaction processes. Payment gateways enable secure fund transfers from the customer’s bank to the merchant’s account, encrypting data and acting as a mediator.

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What Is eMandate: Meaning and How Does It Work?

Razorpay

The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. The payer receives a confirmation message and can view the status of the e-mandate on their bank’s portal or app. The payer can cancel the e-Mandate anytime by contacting their bank or the payee.

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