What is a Payment Processor, Payment Gateway & Merchant Account
What exactly is the difference between a payment processor, payment gateway and a merchant account and which one to choose. This blog posts sheds light on the differences, and helps merchants make a choice.
The Role of Payment Processing in eCommerce
We’ve shared a series of posts recently to demystify the world of eCommerce, and help get you started in building your online storefront. From the basics of Taking Your Business Online, to various platforms you can use to build your website (such as Wix or Shopify), to Digital Marketing Basics to help you connect with […]
How to Choose a PSP in 2020-2021
The days of cash-in-hand payments are slowly fading away, as consumers find favor in more secure and flexible payment options. Credit and debit cards, prepaid cards, and even e-wallets are leading the way in payments both on- and offline, and merchants need to be sure to keep up with the needs of their customers if […]
What are Real Time Settlements and Why are they Good For You
Speed is key in this day and age, with demands for faster service and more immediate satisfaction permeating virtually every industry and aspect of daily life. While there is definitely virtue in slowing down and “enjoying the scenery”, there are some areas of business where you shouldn’t have to wait. Let’s talk about settlements, for example. What are […]
What to Expect in 2020 in the World of Payments
The financial and payments industry is in constant innovation, driving new solutions to enable businesses to reach more customers, and to facilitate payments more smoothly. Payment technology is making it easier than ever to access and send funds, as well as run internal business operations safely and easily. Read on for DPO’s predictions for the […]
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, […]
What Are Virtual Credit Cards and Why are They Good
A virtual credit card is a unique 16-digit computer generated number used to settle a specific vendor payment transaction issued for a specific dollar amount. Designed as a more secure alternative to ACH and check payments, virtual cards are essentially “card-less” credit card payments. Virtual cards can be processed by anyone who accepts traditional credit card payments, […]
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 […]