Every business requires a payment gateway as part of its payment life cycle. Businesses must have a payment process in place to allow custo...
Merchant Category Code(MCC) & Miscoding
What is Merchant Category Code A merchant category code is a four-digit code that identifies the merchant’s category. Banks and payment ...
Payment Terms Simplified
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...
Referral Partnership In Payment Industry
What is a referral partnership? A referral partner is a business partner who, in exchange for anything of value, such as money, promotes...
Merchant ID: Everything you need to know about (MID)
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...
Advantages and Disadvantages of Digital Payments
What is the definition of digital payment? Any transaction in which value (e.g., money) is electronically transferred from one account to anot...
How to Secure Online Payment Processing?
One of the most critical challenges is the security of online payments. Protecting clients from online threats and cyber theft to earn their trus...
Future of Cryptocurrency in Payment Industry
From the dawn of time, payment for goods and services has been a feature of human culture. The only variation has been in the way it has been imp...
Challenges in integrating a payment gateway
A payment gateway is used to collect customer information and offer approval on purchases by transmitting the payment through the bank. The payme...
Chargebacks: What Are They and How Do They Affect Your Business?
Chargebacks are a big threat that online merchants must prepare for. Several high-risk merchants are unaware of chargebacks and their consequence...