I own a small business and when I started to sell my goods online, I did not know how to go about it. I began searching for a suitable payment aggregator and payment gateway, product supply, inventory management, and logistics. Keep reading to know the information I learned in the process of finding
This is all from my end on payment aggregator vs payment gateway.
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payment aggregator vs payment gateway difference
. Check out NoBroker Bill Payment Service to pay your utility bills online and get instant receipt and assured benefits. Get home loan disbursement through NoBroker home loan services. Before I share with you the difference between payment aggregator and payment gateway. Let me share the basic meaning. Payment aggregator : In short, a payment aggregator is a service provider that integrates various options of online payments and brings them into one place for merchants. It gives the option of payment transactions, including cash/cheque, and online payments. Payment Gateway : A payment gateway is a technology that allows people to conduct fund transfers online. It is a transaction intermediary between merchants and customers when goods are being bought. Look at the table difference between payment gateway and payment aggregator : The two payment solutions differ on various grounds as explained below:| Parameter | Payment Gateway | Payment Aggregator |
| Role | Intermediary | Interface |
| Touchpoints Digitized | Online touch points including Website/ App | Online and/ or offline touch-points |
| Payment Options | Restricted | Multiple |
| Integrated Solution | Yes | Yes |
| Payment Success Rate (PSR) | As much as the payment gateway can manage | Significantly higher payment success rate |
| Ownership | Owned by public and private banks, merchants, vendors, and payment aggregators | Owned by Fintech players |
| Permissions | RBI authorisation under the Payment and Settlement Systems Act, 2007 (PSSA) | Payment aggregator requires the requisite certification as per the Payment Card Industry Data Security Standard (PCI-DSS) |
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What is difference between payment aggregator and payment gateway ?
Pranavv
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3 Year
2022-09-27T20:06:15+00:00 2022-09-27T20:06:18+00:00Comment
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