Payment Technology

18. How to select payment aggregator?

There are multiple aggregators (11+) and there is not much differentiation when it comes to…

17. How to Improve Success Rate

Success rate is important as merchant wants every user to complete the transaction in first go… here are some of the things that merchant and aggregator can implement to improve conversion rate

16. Understanding Success Rate

‘Success Rate’ is the most important parameter that every merchant is interested in. In every sales pitch, merchant asks question on this and every sales person jumps in with answer ‘we are the best in the industry’.

15. Integration — Final Notes

We touched upon important aspects of the integration, so before you start the integration finalise,

A. Payment Page:

We have already covered different types of payment pages and pros & cons of those. So depending on your use…

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.

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

12. Payment Pages

In previous sections, I covered topics on operations and processes, now I will touch upon integration an to begin with, payment page. Payment Page is the page where customer selects the payment method (cards, net-banking, wallet, payment container, UPI, credit products etc.) to start the…

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