4. Transaction

This is where the payments start…. Different payment methods have different transactions flows and some of the payment methods can have different flavours of flows.

1. Cards:

Here is the simple card flow

19. How Payment Aggregators Make Money?

The main purpose of a business is to make money… not just revenue but also profit… and…

24. EBPP -> BBPS

We all various bills: electricity, mobile, DTH, insurance premiums, credit card bills…

1. Prologue — Payments

‘Life moves’… so do people and money… In my short career, I worked in companies that are specialised in moving people and moving money.

First half of my career (Pre-MBA), I worked as software developer with Automotive Giants in different geographies and developed…

Standing Instruction on Cards

Standing Instruction on Cards, e-NACH and e-Mandate are Online Recurring…

13. Save Card / Card Vault

You might have noticed that many merchants give option to ‘save card for future purchases’. Card vault is important for a merchant because,

• Success rate of transaction done with saved cards is higher than regular transactions

5. Settlement Time

Main purpose of online payments is getting ‘money’ from user. So ‘settlement’ is the crucial part of the payment cycle. Let’s assume transaction was successful, when will merchant get the money and how much?

14. Transaction Routing

Many merchants add multiple aggregators, acquiring banks, wallets and other payment service providers. Merchant can have either integration with aggregators only or have combination of integration with aggregators and direct integration with banks, wallets.

2. PG / Aggregator’s Charges

When various entities move the funds from point A to Point B, they charge certain fees. As merchant you would deal with an aggregator.

Main purpose of any business… to earn revenue and that’s exactly what aggregator do when they enable payments for a…

8. Refunds

Refunds are essential part of online business… we cancel tickets, we return product. I think refunds played great role in growth of e-commerce as they installed confidence in users.

Refunds can be marked only against successful transactions. Merchant can either mark full or partial…