Whether you are an offline or online merchant, it is most likely that you deal with credit card processing on a daily basis. While many sellers disregard the complex algorithm that launches after the client clicks the “Pay” button, it is best to know how it works.
Payment reconciliation is an accounting process, which allows you to keep track of the precise state of your company's accounts. We’ll review how it works and how your venue can benefit from it.
The conversion rate equals the success of your business. We’ll review the reasons why they can be low, and explain how you can fix that issue with card transactions and other payment methods.
A payment gateway is a tool that no e-commerce company can do without. Let's see why and which benefits it will bring.
PCI DSS is a security standard that was designed to protect credit/debit card transactions. Let’s see why your company needs it and which benefits it will bring.
Ecommerce transactions are a great opportunity to quickly transfer money from a client to a merchant, without errors, high fees, time losses, and long queues.
Online payment using a bank card is convenient for cardholders. However, there are cases when services or goods are not provided (or provided not in full). In such cases, a customer has a chance to get money back. A chargeback procedure is provided for this.
Trade (offline) acquiring is a service connected by banking institutions so that any retail point of sale, from a local store up to large supermarkets, can accept cashless payments. For this purpose, a specialized device – a POS terminal – is required to make payments using the client’s bank card.
An issuing bank and an acquiring bank are some of the required parties to make payments. It is important for merchants to understand what responsibilities each of the parties has, how they get involved in the payment process, and what the difference between these two notions is.