Give breakup of payment gateway charges applied on each transaction?
💳 Understanding the Breakup of Payment Gateway Charges on Each Transaction When a customer makes an online payment—whether via credit card, UPI, debit card, or net banking—a complex financial mechanism processes that transaction behind the scenes. At the center of this process is the payment gateway , which acts as the intermediary between the customer, merchant, bank, and card network. But what exactly are the charges that merchants pay to accept online payments? Let’s break it down in detail. 🧾 What Are Payment Gateway Charges? Payment gateway charges are transaction processing fees levied by service providers like Razorpay, PayU, Stripe, PhonePe Business, etc., for enabling digital payments. These fees vary based on: Payment method (credit card, UPI, etc.) Type of card (domestic vs international) Volume of transactions Type of business or industry 🧮 Typical Breakup of Charges Here’s how the fee is typically broken down per transaction of ₹1,000 as an exam...