Paykassma Blog

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 […]

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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 […]

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Tokenisation Payment Explained

Tokenisation is the process of preserving thoughtful data while protecting its business value. This is different from encryption, where precious data is modified and kept safe with methods that do not allow its continued use for business motives. Let’s take tokenisation like a poker chip, while encryption is like a lockbox. Encoded numbers can be […]

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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 […]

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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, […]

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What Are Payment Aggregators?

A payment aggregator is defined as a third-party payment service provider (PSP) that processes payments for their users’ sub-accounts through a single major merchant account. This structure enables businesses that utilise an aggregator to swiftly enter the e-commerce industry by drastically lowering the amount of upfront effort required to take various types of payments, such […]

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Chargeback Fraud: What Is It and How Can You Prevent It?

One of the common complaints financial institutions get from cardholders is usually about a dispute regarding a legitimate charge on their cards. They will seek a refund and also want to still hold on to the items they purchased. Sometimes the cardholder may deny placing the order in the first place, or they may claim […]

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What Is the Difference Between E-commerce and Mobile Commerce

The globe has seen significant breakthroughs in business, goods exchange, and information with the introduction of the internet and wireless technology. With the continued growth of mobile commerce technologies, traditional commerce is rapidly losing its way to e-commerce. People are more reliant on mobile gadgets than ever before. Mobile commerce is a fertile ground that […]

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