Debit Card Archive

Cost of Using Payment Services in India

There are more than 50 payment gateways services available in India. In order to accept and make Payments fast, secure and convenient, online payment services are playing a vital role in India. Online payment services is a service that authorizes the credit card or the other electronic payments such as debit cards, online banking, cash cards etc. These online payment services work in a simple …

Online Payment Gateways – Which one is Best for you

Plastic Money and Digital Money cannot find an existence until there exists a safe system which guarantees security to the consumer and solves the double spend problem for the merchant. For a developing economy like India, which has youth sharing its major population proportion, emergence of the internet has always been a critical aspect. In this era, when online startups are on a rise, people …

Everything About Android Pay App

In today’s era, mobile payment services are growing day by day. Similarly to Apple Pay for iPhone, Google’s system is called Android Pay. Android Pay is a digital wallet app for the users to make purchases and to make payments with Android phones, tabs or watches. Android Pay works as point of sale terminal with NFC (near field communication) enabled transmit card information and host …

Pros and Cons of E- Wallet

  “There were times when money did not have any form. It took form via metal, paper and now plastic.                                 Soon, our money would be nothing but simplified binary equations. “ E-wallet is now money on the move. E-wallets such as PayTM, MobiKwik, Freecharge and others are achieving ground …

How Payment Banks Work?

Payment banks are a new elementary version of banks conceptualised by the Reserve Bank of India (RBI). These banks almost provide every service and banking operations similar to other banks but the difference is they operate on smaller scale without involving any credit risk or can’t advance loans or issue credit cards. Payment banks can accept a restricted deposit, which is currently limited to ₹1 …

Using Apple Pay at Stores

Apple Pay is a digital wallet for individuals or a mobile payment service by Apple Company. Apple Pay is very easy to use and works with the devices that you make use on a daily basis. Apple Pay was launched in October 2014 to make the payments of goods and services with their iPhones in the stores using feature of NFC chip. It is a …

Everything About Samsung Pay App

The dawn of digital transactions has definitely come to its future intermediate stage. Arrival of tech giant Samsung’s with its Samsung Pay App is the latest proof of the same. This mobile wallet cum digital payment app first came into limelight in the year 2015. It is now being promoted aggressively by the company and the pay app is now available in almost all digital …

How Do MasterCard and Visa Work?

             Both Visa and MasterCard work in a very similar way for credit as well as debit cards. There are four parties to each transaction to Master card that is a cardholder, an issuer, a merchant and an acquirer. A cardholder or an account holder buys goods or services from a merchant. After the transaction is approved by the issuer then the issuer pays …