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For successful transaction, a payment aggregator receives funds from its partner banks. An acquiring bank, deduct MDR and then settles funds to aggregator whereas net-banking partner banks, do gross-settlement and raise monthly invoice to aggregator. During invoice payment, aggregator can justify for not paying some amount but when acquiring bank deducts money upfront then there is not much scope for argument.

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Aditya Kulkarni
Aditya Kulkarni

Written by Aditya Kulkarni

Trying to follow Richard Feynman’s words “do what you can, learn what you can, improve the solutions, and pass them on”.

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