Customer purchases a product from an e-commerce website, he then, selects the payment option and pays through various payment options available. Before the money reaches e-commerce (merchant) bank account, it passes through some simple steps. This process is known as settlement. In simple words, settlement is the process through which a merchant receives money paid …Continue reading "Payment Settlement Guide- Understand the Payment Settlement Process"
The launch of India Post Payments Bank (IPPB) by Prime Minister Narendra Modi on 1st September 2018 has put the spotlight back on payments banks. The government has envisioned that the new bank model will take banking to the doorstep of every citizen through the unmatched network of post offices. What are payments banks? They …Continue reading "What is India Post Payments Bank and how does it work? Here’s 10 things to know"
Unified Payment Interface is a real time payment system that helps to transfer funds instantly between two banks with the help of mobile phone. Ever since the launch of UPI in August 2016, the face of digital payments has changed vigorously. Today, UPI has become the most preferred mode of payment. UPI has undoubtedly simplified the …Continue reading "UPI 2.0 launched. Close look at Key Features of UPI 2.0"
In simple terms, refund is a process in which a consumer ask retailer to return the money previously paid. Has this ever happened to you while making an online purchase? You returned an item and the money was promised to be credited to your account within 5-10 working days Your transaction was not completed …Continue reading "A Quick ‘Refund Guide’ Why Refund Takes Time to Reach Customers?"
The Internet era has given a boost to online shopping and banking which has ultimately led to online fraud and identity theft. Online transactions always carry some risk, but consumers can incorporate many things to increase their security on the web. If you take just the right precautions, you can avoid these threats easily. Here …Continue reading "7 Safety Tips to Follow While Doing Online Transactions"
Accept payments via UPI without asking your customer to enter any bank details, OTPs and password. Yes, it’s that easy to accept UPI payment online through atom payment gateway. Your customers can use any UPI enabled app to make payments directly on your website. But what is UPI? Often, your customers are bogged down …Continue reading "Now Accept UPI Payment Online through atom payment gateway"
Laxman works as a delivery boy for a small café located in a very posh area of the city. His café is bustling with business and is growing considerably. It is a one of a kind, small and affordable café that serves the most scrumptious delicacies around. Every day, Laxman has to go around making …Continue reading "Here is laxman’s story of how he started accepting Card Payments on Delivery through mPOS"
Meet Monica, a 25 year old entrepreneur who has created a buzz with her home baked cookies, cupcakes and extravagant cakes. Monica has always loved baking and soon enough she is planning to establish her homemade baked goods into a professional cake shop. Everyday Monica takes order for two cakes which she gets delivered within …Continue reading "Here is Monica’s story of how mGalla helped in flourishing her home-made Bakery Business"
Meet Shyam, the owner of Shyam Kirana Stores. He has been in the business for more than 20 years, constantly growing his business and increasing his sales moderately. But the advent of movements like Digital India, elimination of cash and other redundant form of payments led his business on the verge of collapsing. Cash, which …Continue reading "Here is Shyam’s story of how he started accepting Digital Payments to flourish his business"
Online businesses are gaining momentum at the moment as more and more merchants are looking forward to take their business a level ahead. The digitization has led to a wave where every merchant is participating in the race of integrating digital payments to ease and expand their client base. When you decide to go online, …Continue reading "10 points to consider before choosing a Digital Payment Partner"