| 1 | Bilateral agreement/Tripartite agreement:- |
| | Merchent needs to sign a bilateral agreement or tripartite agreement with bank. In the agreement bank's commission on transaction is defined. Merchant needs to provide a DBBL account number on the agreement. Bilateral agreement is an agreement between merchant and bank and tripartite agreement is an agreement between the bank, the merchant and the third party merchant that provides the nexus payment gateway interface to the merchant. |
| | Bilateral agreement is an agreement between merchant and bank and tripartite agreement is an agreement between the bank, the merchant and the third party merchant that provides the nexus payment gateway interface to the merchant. |
