Payment gateway
The service that collects a payment from a buyer and settles it to a business's bank account, handling cards, UPI, netbanking and wallets — Razorpay, Stripe, PayU and Cashfree are examples.
The gateway, not the course platform, is what actually holds the payment rails and the compliance behind them. A course platform either integrates with your gateway account, or takes payments into its own and pays you later.
Which of those it is decides three practical things: how quickly the money reaches you, whose name appears on the buyer's statement, and what happens to the money if you leave the platform.
For example
A student pays ₹2,000 for a course. The gateway authorises the card or UPI request, takes its fee of roughly 2% plus GST on that fee, and settles the rest to the academy's bank account on a T+2 cycle — so money that arrived on Monday lands on Wednesday. Refunds and chargebacks are handled by the gateway, not the platform.
On Prolaud
Academies connect their own Razorpay account (and optionally their own Stripe account for USD), so settlement is between the gateway and the academy's bank.
Related terms
- UPI Autopay — An NPCI feature that lets a payer approve a recurring UPI debit once, so later instalments are collected automatically up to an agreed limit, without them approving each one.
- GST invoice — A tax invoice issued under India's Goods and Services Tax, carrying the seller's GSTIN, the tax rate and the tax amount shown separately. A business buyer needs one to claim input credit.
- Zero commission — A pricing model where the platform charges a flat subscription and takes no percentage of sales. The payment gateway's own fee still applies, because that is charged by the gateway, not the platform.