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4 Points To Consider Before Creating A Merchant AccountAfter the Indian Government introduced the Digital India movement in 2015, they have started installing systems to accept online payments. It has reduced the hassles of the public and given them a sen... After the Indian Government introduced the Digital India movement in 2015, they have started installing systems to accept online payments. It has reduced the hassles of the public and given them a sense of relief. All their transfers are handled digitally through websites and apps. A merchant can now receive all the customers’ payments for the products and services delivered through an online payment gateway. These systems are integral for businesses and brands to differentiate their products and create customer loyalty. It has also allowed merchants running online firms to no longer establish direct relations with acquiring banks. The following are some points to consider before creating the account:
Merchants can also use other options for receiving payments such as net banking, Unified Payments Interface (UPI), digital wallets (PayTM, Paypal, Freecharge, etc.) and Pay Later Cardless EMI. Customers take credit on their payments for services.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORArjit Chalmela is an aspiring student in the field of finance. He spends his free time reviewing the latest apps introduced into the market. He explains how to open a merchant account |
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