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.
Here is the simple card flow
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…
We know that aggregator has some charges but how it will collect those charges and from whom.
There are three commercial models in practice.
Let’s assume: PG Charge = 1%, GST = 18% (Financial Services), Transaction…