Merchant will be settled for domestic card transactions by BOB on ..... for IPG and in ..... for Paypoint. For international cards T+3 (working days).

BANKING GENERAL KNOWLEDGE

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

Merchant will be settled for domestic card transactions by BOB on ____ for IPG and in ____ for Paypoint. For international cards T+3 (working days).

A	T+2 (working days), T+2 (working day)
B	T+1 (working days), T+2 (working day)
C	T+1 (working days), T+3 (working day)
D	T+2 (working days), T+1 (working day)

Explanation:

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 40+ 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: -Internet Payment Gateway (IPG) is an e-commerce application service that authorizes payments for e-businesses e.g online payments (fee/fines/deposits)

Detailed explanation-3: -Once a transaction has been approved, settlement is the second and final step. This is when the issuing bank transfers the funds from the cardholder’s account to the payment processor, who then transfers the money to the acquiring bank.

There is 1 question to complete.