Baroda Paypoint can be enrolled to the merchants having minimum ..... year of satisfactory business experience in the activity for which payment gateway facility is applied.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Baroda Paypoint can be enrolled to the merchants having minimum ____ year of satisfactory business experience in the activity for which payment gateway facility is applied.

A	1
B	2
C	3
D	5

Explanation:

Detailed explanation-1: -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-2: -1) Payment Gateway transaction limit is up to 10 lakh per day / per transaction.

Detailed explanation-3: -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.

Detailed explanation-4: -While a payment gateway is an intermediary, the payment aggregator is the interface where the payment gateway processes the transactions. Most payment aggregators own payment gateways to offer a variety of exclusive services to their merchant customers.

There is 1 question to complete.