Author – PayStudio

What is DBA and Why is it Needed?

Every company has a “legal” or “real” name. That legal name is the name of the business owner or owners in the case of a ...

Every business requires a payment gateway as part of its payment life cycle. Businesses must have a payment process in place to allow custo...

The banking system divides the merchant into three distinct groups. There are three kinds of risk levels: high, medium and low. In high-risk busi...

What is Merchant Category Code A merchant category code is a four-digit code that identifies the merchant’s category. Banks and payment ...

So that’s where I’m at. As a newcomer to the geek world, I’m doing my best to grasp terms that I wouldn’t have been caugh...

What is a referral partnership? A referral partner is a business partner who, in exchange for anything of value, such as money, promotes...

An offshore bank is located outside of the depositors’ country of residence. Non-residents in the bank’s jurisdiction make up the maj...

What is a Merchant ID (MID)? When a business opens a merchant account with a payment gateway, the acquiring bank assigns it a merchant ID, whi...

What is the definition of digital payment? Any transaction in which value (e.g., money) is electronically transferred from one account to anot...

One of the most critical challenges is the security of online payments. Protecting clients from online threats and cyber theft to earn their trus...