Nodal Account & Payment Gateway A nodal account is that account, which enables the merchants to process online credit and debit payments successfully. A payment gateway helps to deposit the funds from customer's credit card for sales in the nodal account. Why cannot the amount work its way directly into the business bank account? Now as the amount goes first in the nodal account and then the acquirer’s bank account, it is but obvious that a merchant would prefer that the amount is directly transferred into the business bank account. The reason this is not the route has two valid points: Number one , since at any point in time merchandise may be returned, there is a chance that some amount you receive as e-commerce the platform will be paid back. This happens by subtracting what is kept in the merchant’s account immediately. If not done so, it may account for some level of risk in the transactions. The amount returned, the...