Recap of the global trends in online payments in 2019
As 2019 comes to a close, we look at the world of payments over the past year, and elements played a pivotal role in the industry this past year. eCommerce eCommerce continues to reign supreme in the world of payments as consumers favor the comfort and convenience of online shopping. Shops have moved to eCommerce […]
Quick Guide to WooCommerce And Why It’s Good For Your Business
In 2019, global eCommerce sales reached nearly $3.5 trillion USD, up nearly 18% from the previous year. This number is expected to nearly double by 2023 – online sales are only going to increase from here on out. Shoppers favor online outlets, with the ability to make purchases and bookings at any time of the day, […]
How Do Pre-Authorizations Work?
Credit card pre authorization is an important and useful practice for merchants accepting payments in person or online, and offers many benefits. With pre-authorization of payments, merchants ensure their customers pay for the products and services they use. Merchants also save time and money by eliminating the instance of fees for refunds, MDRs, and the hassle of […]
Success for SMB Hotels in Expedia and Booking.com
For hotels in the modern day, capturing an audience and keeping business steady can be challenging. Oftentimes the market can feel overwhelming, and with so many angles to look at, marketing can be confusing for many business owners. Many hotels have found success in listing their rooms on third party booking sites such as Expedia or Booking.com. The […]
How to Grow Your Independent or Small Hotel
Having an independent hotel, while not without its challenges, can be very rewarding. Having a small business means everything feels a bit more intimate – from the smaller numbers of staff, to more capability for personal attention to guests. It also means that managers and owners have more say in what goes, without the scrutiny […]
What 5G Tech and Speed Mean For Online Payments
Have you heard about 5G? The network upgrade starting to roll out around the globe has been a pretty popular topic of conversation, but what is it all about? 5G – a fifth generation mobile network – promises high speed increases to its predecessor, 3G and 4G. 5G networks have begun rolling out in select […]
Benefits of Online Payment Service Providers
An online Payment Service Provider (PSP) empowers merchants and businesses that need to receive payments from their customers. By offering online payment solutions, a PSP enables businesses to accept payment methods such as credit and debit cards in the ways that make sense for them, whether it’s on the phone, online, or in-store. PSP’s also […]
2018’s Main Payment Trends and Innovations.
Throughout 2018, new technologies continued disrupting traditional payment processing methods across the globe. Cryptocurrencies, P2P payments, and mobile wallets are just a few of the innovations that are gradually gaining momentum to eventually overtake cash and cards. With so many new elements vying to play a role in the future of financial transactions, it’s important […]
GDPR and the Importance of Compliance
What is the GDPR? Implemented on May 25, 2018, the General Data Protection Regulation (GDPR) is an EU law designed to provide additional protection for personal data, regulate how companies use collected data, and users’ right to privacy. The GDPR applies to all personal data that is handled within the borders of the EU – […]
Using Pre-Authorization To Guarantee Payments In Your Hotel
Authorization hold or Pre-authorization is very useful for merchants in the travel industry, as it gives you a security guarantee, ensuring that customers pay for the services they use. It can also save money. Here is a brief overview of what pre-authorization is, and how it can benefit your business. What is a pre-authorization? Pre-authorizing a […]