A Short Guide to Payment Processing Errors and How to Avoid Them

As we all know, fraud is one of the main sources of chargebacks. Retailers cannot underestimate chargebacks caused by personal errors in payment processing. Merchants are generally liable for chargebacks, which means they cannot be processed following an incident through the impersonation process. The only way to avoid them is not to associate with them at the beginning of the process.
The payment process consists of different phases where the payment processor, retail banks, payment processors and card services work together to verify cardholder identity and confirm authorization details to ensure that debit card transactions are safe, reliable and secure.
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Signage has grown from limited management to a few experts using specific software to the ultimate key to improving customer satisfaction using Indian payment aggregators. At OnionPay, we are extremely appreciative of these innovative solutions. So, this article will try to explain the concept of tokenization and its basic benefits in relation with India payment aggregator. Let's find out.

What exactly is tokenization?

Tokenization is an extremely secure method for storing data about payment methods, such as credit card information. Eventually, a credit card is inserted into the system and the system generates a token as compensation. The token serves as a signal to remove the card from the system if necessary but is not connected to the actual card. Therefore, the signal does not allow access to the card data without going through the signaling process.

In simpler terms, imagine the signaling process as a book. If your card is given to you, it will be stored on a random page.Alternatively, you will be given the page number to locate the map. Then, when you are ready to use this map, enter the page number and the book will give you the map. Once this procedure is applied, anyone with access to that number cannot access the card without first checking the book.


This way, the website does not need to keep the actual card information to process payments, and the payment process will be limited to the exchange with the tokenization platform and its payment system, two components that stand out from its higher levels of security.

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