Info. on the Popular Digital Payments Networks
Everyday, India makes very many digital transactions. Knowing how to send and receive is very essential now that it’s becoming a very big transaction technique. There are very many digital payments networks therefore that have come up because of this. Knowing what to look for when choosing a digital payments network is very essential and there are important factors to look at.
It is very important that you can begin by understanding 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 they will always vary but the good thing is that most providers has this payment option. It is also important that you learn the difference between payment getaways and processors. You can find this website with more details on this 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 one of the most used 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. You can actually send money to another PayPal account which is a feature that many other networks don’t have. The PayPal as very affordable fee for the services.
Stripe is also a very popular company that offers easy solutions especially for developers. You can integrated into your website. It can also handle data compliance and approvals. Fees are very competitive and you can check it out!
Google pay on the other hand, helps you to connect your financial account to your Google profile. Merchants are not charged a fee to use Google services and if you are in US, you can use Google digital wallet. The other good thing is that you can send money to other US citizens using your email address or phone number.
WePay now owned by banks Chase Morgan and if you have an account with them, you can same day deposits using this service. It is a good option for software platforms and vendors because you can access payment. The good thing for software platforms and vendors is that you can actually negotiate your rates on this platform. Others that are not very popular like Zelle, Braintree and Venmo are also one of the learning more about.