BANKING AFFAIRS

Detailed explanation-1: -Bank of Baroda provides a facility, to receive payment online from any debit/credit card, UPI (VPA & QR code), wallet, net banking (through aggregator) of more than 34+ banks, called ‘Baroda e-Gateway’ (Internet Payment Gateway), which is a safe, secure, and trusted payment solution for e-Commerce/online business.

Detailed explanation-2: -After your customer clicks on the payment link, they are taken to your payment processor’s page to enter their card details and make the payment, after which they are redirected to your website. An example of this type of payment gateway is PayPal.

Detailed explanation-3: -By acting as an interface between a merchant’s website and their acquirer, an online payment gateway can simplify how merchants process card payments. A payment gateway protects the customer’s sensitive payment data, as it relays it from the merchant to the acquirer and then the issuer using data encryption.

Detailed explanation-4: -Users can choose any method of payment according to their convenience and pay outstanding bills as per the due date. The online payment modes available to Bank of Baroda credit card holders can use the following offline payment options-Cheques, Auto Debits, Drafts or Cash payments at branches.