We all use Plastic money in form of Debit and Credit Cards. But do you know Visa and MasterCard are both payment systems, not credit cards in themselves. There are no significant differences between them. MasterCard and Visa are the names of the global companies who manage credit cards. Why do we need this? These…
UPI payment system is electronically transfer funds from one account to another like NEFT and IMPS. But unlike NEFT and IMPS you do not need to register them into your bank account before transferring money, therefore it can also use for online payments. Working of UPI payment system To use…
Online wallets are the easiest way to take payments from customers is to make account with companies like PayTM, FreeCharge and MobikWik. These wallets are already very popular among the people who transact online as they are providing huge discount on transactions done by their website to acquire the market…
POS (Point of Sale) terminal is a payment terminal provided by the bank on which the merchant swipe or dip cards to receive payments. Type of cards can be different like Debit, Credit or any meal cards. Cards having chips embedded need to be dipped into the machine while card have…