Everyday, India makes very many digital transactions. Sending and receiving electronic transactions is becoming very popular now it is important to know more about it. There are very many digital payments networks therefore that have come up because of this. If you want to choose an electronic payment network, you definitely need to make the right decision and that means that you know what to look for.
It is critical to understand the essential terms and features used in this industry. It will help you a lot you choose a platform that has the most functionality and help you compare the fees. The use of credit and debit transactions electronically, for example, is known as ACH payments. The good thing is that most of the providers will use this payment option, but the fee can vary. It is also important that you learn the difference between payment getaways and processors. There is more info. online and therefore, be sure to check it out! Also seek more info. on merchant accounts as you always work with a provider that is complying with Payment Card Industry Data Security Standards.
PayPal is the most used digital payment network worldwide. It is almost 28 million merchants across the world. It is extremely easy to get started, it is a secure and you use your email address to send and receive. One of the features that other accounts don’t have is the option to send money through this service itself another PayPal account. The fees also affordable.
If you are a developer, then stripe is one of the best options for you. You can integrated into your website. It can also handle data compliance and approvals. The other handle is the fact that the fee can be competitive.
Google pay can connect your financial account to your Google profile. If you are in US, you can use Google digital wallet and merchants are not charged a fee. It can allow you to send money directly to other US citizens using your email address or phone number.
WePay can be a good option for anyone that has Chase Morgan account because you can make transactions on the same day using this service. It is a good option for software platforms and vendors because you can access payment. With this network you are able to actually negotiate your rates. learn more about Zelle, Braintree and Venmo because they are also digital payments networks.