Payments

Card-Not-Present (CNP) Transactions and Why They Matter

It’s critical to provide your customers, both in-person and online, with various payment options. To make the buying experience easier for your customers, you must provide them with as many options as possible. Not all payment methods are made equal. Card-present transactions (CP) and card-not-present transactions (CNP) are the two basic payment types. If you […]

Current E-Commerce Trends

COVID-19 changed the world, and it has had a lot of impact on the economy globally. During the lockdown or movement restrictions, many retail businesses found a way to thrive even while hoping an end to the pandemic would come. While physical stores were closed, companies began to look at e-commerce alternatives. They were able […]

Merchant Account vs. Payment Gateway: Know the Difference

Payment processors, payment gateways, and merchant accounts are standard terms used in the eCommerce industry. These terms represent necessities that you need to sell online. Although these concepts are commonly thrown around by people, many do not fully understand the ins and outs related to the concepts, how selecting and configuring them can affect their […]

What Is EMV Chip Card?

Europay, Mastercard, Visa (EMV) is a card that contains smart chips. Unlike the traditional magnetic stripes, these are more equipped to offer comprehensive protection and security. Over the years, EMV chip cards have grown exponentially and thoroughly improved credit card security systems. But that is not all. The EMV chip cards have also reduced in-store […]

Payment Gateway vs Payment Processor

Businesses have to always find a way how to keep afloat and succeed. With increasing competitors around them and the growing customer base, they consistently struggle to provide the best service. While some are using intelligent strategies to deal with them, others find themselves trapped in such situations with no room for escape. That is […]

What Is a POS Machine?

With the growth in consumer expectations and the advancing needs of meeting them, businesses constantly struggle to find the best-automated machines. These machines help complete a specific task on time without requiring too much physical labour. As such, other employees can focus on more productive tasks and develop new strategies to quench the customer’s expectations. […]

How to Use a POS Machine

Before we talk about using a POS machine, we would like to clarify that there is technically no such thing as a POS machine. Instead, it is mainly used to refer to a point of sale system or a card terminal. Now that we have cleared that up, let’s dive right into the main topic […]

ACH Payments vs Wire Transfers

When businesses seek ways to receive or send money, the two options commonly given are either ACH or Wire Transfers. These two electronic payment systems are the safest ways to move money without any hassle. Banks ensure that they monitor and track the movement of funds following these two channels. There are critical differences between […]

How to Accept Credit Card Payments Online

As a business owner, you need to receive payment one way or the other. Nowadays, the best way to go is online, as most businesses are conducted online without meeting your customers. One of the questions business owners want to know is how to accept credit card payments. This guide will show you what you […]

What Is Payment Fraud?

Payment fraud can be seen as confiscating someone else’s payment details and using them for illegal transactions and purchases. A dispute is filed when the original holder of the payment card discovers an unauthorised breach into his or her account. This is where business owners run into trouble, as they will have to settle the […]

What Is a Payment Gateway?

An online payment gateway is a software that allows a business (such as an eCommerce website) to accept online payments from customers. Payment gateways, which are becoming increasingly widespread in the internet world, can merge many payment methods, such as credit cards, e-wallets, and, more recently, crypto payments, into one seamless payment experience for customers. […]

What are Chargebacks and How do They Work? Everything you need to know

In simple terms, a chargeback is simply a payment dispute where a cardholder flags a transaction and asks his or her card operator to reverse it. This is to protect consumers from unauthorised billings and transactions. However, it can turn out to be a big headache for businesses, primarily if the chargeback is issued fraudulently […]

Electronic Commerce Explained

Electronic commerce (e-commerce) is a business strategy that allows consumers and businesses to buy and sell goods and services over the Internet. E-commerce can be done on computers, tablets, smartphones, and other smart devices, and it operates in four key market categories. E-commerce transactions can be used to buy almost any commodity or service imaginable, […]

Payment Glossary for Commerce

Commerce is all about buying and selling goods. But, with the recent advancements in technology, commerce has evolved into something bigger, where businesses can now trade anywhere with ease. As a result, before a business can enter the eCommerce space, there is some payment terminology to be familiar with. Account Updater This is a service […]

Payments

Card-Not-Present (CNP) Transactions and Why They Matter

Current E-Commerce Trends

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