One-Stop Solution for Payment Services

A payment gateway is a mechanism or technology that connects a merchant's website and account. It enables online payment transactions by transferring the payment details between the entities. A payment gateway performs several security checks before transmitting the payment details, including encryption and tokenization. Furthermore, it authorizes you to accept payment via credit card, net banking, BNPL, and almost 100+ payment modes. Similarly, payment gateways accept the international currency and help you grow globally.

A merchant account is one of the fundamental needs for an online business to accept online payment via credit card and other payment modes. It is similar to a business bank account as it allows you to take, hold and withdraw payments that you receive from your clients. This payment is usually received for the goods and services you provide. Banks, financial institutions, and payment service providers (PSPs) can provide a merchant account.

Also referred to as alternative payment methods, local and global payment methods involve any means of payment which isn’t completed via cash or a major and international credit and debit card scheme (e.g., Mastercard, Visa, etc.). Among the most frequently used local and global payment solutions are bank transfers, invoice payments, direct debit, QR codes, prepaid cards, and eWallets.

Credit card processing is a reliable way for merchants to accept credit card and debit card payments in exchange for products and services. Everyone likes to have choices. Your business's ability to accept credit card payments gives your customers choices to make the payment the way they want. Being able to provide customers with their preferred payment mode boosts customer loyalty.

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