Having a payment intermediary is essential for e-commerce. According to a survey by CNC , e-commerce in Brazil grew 225% from 2019 to 2022.
Numbers like these reveal the growth of the digital market, and show the need for tools to guarantee secure transactions between consumers and companies.
Therefore, understanding how payment intermediaries work, as well as their advantages, is essential to optimizing your operations and increasing customer satisfaction.
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How does a payment intermediary work?
When a customer completes a purchase, they thailand whatsapp number data their preferred payment method, such as credit card or bank slip. In this case, the payment intermediary, integrated into the e-commerce platform, processes the transaction, checking the availability of funds and validating the data provided during registration.
In other words, an intermediary acts as a payment facilitator between buyers and sellers during online financial transactions
To illustrate how this works, consider a credit card transaction. The consumer adds products to the cart, fills in their personal and payment information, and finally completes the order.
The intermediary then transmits the data to the acquirer, which communicates with the card brand and the issuing financial institution . These, in turn, verify the customer’s information and confirm whether there is a balance or limit available for the purchase.
If everything is correct and there is sufficient funds, the transaction. The customer receives a confirmation message. At this point, the purchase is , allowing the order to for delivery.
When the customer pays the card bill, the amount is from the issuing financial institution to the acquirer, then to the intermediary , which deducts its fees. The funds are then transferred to the company.
It is worth noting that, on some payment platforms, funds can be transferred to the company in advance, through the advance of receivables.
What is the difference between a payment institution and a payment intermediary?
Payment institutions and payment clear history and cache in browser are distinct entities , although both play important roles in processing financial transactions.
A payment institution is a regulated financial entity that offers a wide range of services , including making payments and money transfers.
It can provide digital accounts, card issuance and various financial services , and is by regulatory bodies, such as the Central Bank . These institutions ensure compliance and security in all financial transactions they carry out.
A payment intermediary acts as a facilitator between the buyer and the seller during online financial transactions.
In this case, the main function is to manage payment processing, offering options such as credit cards, payment slips and digital wallets, in addition to providing anti-fraud security.
While they are also , intermediaries do not have to meet all the requirements of a full-payment institution, and focus on simplifying the payment process.
Asaas , for example, is a payment institution, authorized by the central bank, that offers complete Payment and Banking services . With it, it is possible to take advantage of payment intermediation, through API integration or the use of plugins .
What is the difference between a payment intermediary and a payment gateway?
A payment gateway can a europe email type of payment intermediary. While both are essential, their functions and services have significant differences.
The payment intermediary offers a comprehensive solution between the buyer and the seller , being a facilitator between the merchant, and various acquirers and banking networks.
It is responsible for processing the payment, managing the security of the transaction and, in many cases, ensuring that the seller receives the funds.