What To Expect In The World of Payments in 2021
After a long year, 2021 has finally arrived. 2020 saw a dramatic uptick in eCommerce, as well as easy payment methods and more. You can read our full recap of 2020 in the world of payments here. Looking forward into 2021, we see a rise in payment technologies that will make purchasing even easier on […]
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, […]
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 […]
VAT Regulations For Merchants In Africa
Value-Added Tax (VAT) is a tax that is levied on the sales of goods or services. How much the tax is worth is dependent upon the value of the goods or services being provided. In the case of products, the VAT is placed on a product at any point in the supply chain that value […]
The Benefits of Prepaid Cards That Make Them Popular
Credit cards have long usurped cash as shoppers’ payment method of choice. Convenience, security, and versatility make them a sensible go-to option for making purchases in person or online. For some consumers, however, access to a credit card is not an option due to limitations or restrictions prohibiting them from meeting criteria to being granted […]
False Declines – All you need to know to protect your revenue
Online payments have been on a steady rise for some time now, enabling businesses to extend their reach and grow their customer base. Having a web store and accepting payments online means merchants have more potential than ever to connect with customers around the world, increasing their revenues significantly. However, with the advent of online […]
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 […]
Quick Guide to Magento & Why It’s Good For Your Business
Magento is a powerful, scalable, flexible, and user-friendly eCommerce system which gives merchants the opportunity to bring their products and services to the digital world. It is open source and easily customizable, making the Magento platform a great choice for business owners who want a cost effective way to launch an eCommerce website that is […]
Tap and Go – Contactless Credit Card Payments
Tap-and-Go credit cards are the latest, easiest, secure way for customers to complete purchases. Due to the nature of the technology, payments are completed with minimum hassle for customers and merchants alike. Contactless (or Tap-and-Go) credit cards work using NFC – Near Field Communication – to wirelessly transmit card data to the contactless card reader. […]
MasterCard Best Practices for Managing Authorization Reversals
Authorization reversals are a tool that merchants can use for various reasons, such as to: Provide good customer service Ensure merchant compliance Reduce fraud First, let’s take a look at exactly what an authorization reversal is, and when it is used. Then, we’ll delve into MasterCard’s recommended best practices for managing authorization reversals. What is […]