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A comment on Indian online merchants cannot store credit card information from 2022.

Re:Indian online merchants cannot store credit card informat... by _chompsky on Friday December 17, 2021 @12:05PM (#29594947)
Pardon me if I’m incorrect, but isn’t this like one of the best use cases of Stripe? Stripe usually takes care of CC/ACH information and tokenizes it, only passing the tokens to the merchant instead of the merchant having to store the CC information. Maybe this would be a good way to start a payments company boom in India?
[ Parent | on HN ]
Re:Indian online merchants cannot store credit card informat... by option_greek on Friday December 17, 2021 @12:39PM (#29595462)
There are already several (razorpay, paytm, payu) that do exactly that. They do charge 2% flat fee which is still high by Indian standards (comparing to cash and upi). So merchants do try custom solutions with bank gateways to reduce the fee.
[ Parent | on HN ]