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Showing posts from March, 2023

Payment Orchestration Platform: 4 reasons why businesses need it 😎

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The complexity of a company's payment processing tends to increase in tandem with the company's growth. It may be challenging to keep up with all of the different transactions that are taking place due to the increased number of customers, merchants, and service providers that need to be managed. Because of this, a payment orchestration platform is required for any company that wants to improve the quality of their customers' payment experiences.  Today, we will discuss four of the most important reasons why companies in the modern era require a payment orchestration platform. You are aware, as the owner of a business, that the ability to accept payments is critical to your company's success. On the other hand, you might not be aware of the fact that the manner in which you process payments can have a significant bearing on how much money you make in the end. This is where a platform for payment orchestration comes into play. You will be able to devote more of your at...

3D Secure: What businesses and cardholders need to know? 🤔

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  The most secure standard in the payment card industry, 3D Secure, provides businesses with a greater degree of fraud prevention and control, giving you an advantage in the competitive environment of today's online shopping environment. To ensure the safety of online financial transactions, 3D Secure is an authentication test that every cardholder and business must successfully complete. It makes the process easier to understand while also providing increased safety and convenience for all users. When making purchases online, having a tool like 3D Secure that enables you to check the authenticity of your credit card and give you peace of mind is extremely helpful. Here are some things businesses need to know. Your online store's customers' credit card information will be safer and more secure with the implementation of 3D Secure. With this new, more secure standard for online checkout, you can protect your customers from being taken advantage of by dishonest individual...

How much does payment processing really costs? 🤔

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Introduction Looking for reliable payment processing service to increase the efficiency of your business? One of the most important things to consider is the cost - after all, no matter how good a payment processing service is, it won’t be worth investing in if it’s too expensive. In this article, we'll take a look at how much you can expect to pay for a payment processing company and what factors affect the costs. What are the Benefits of Payment Processing? There are many benefits of payment processing, including the ability to accept credit and debit cards, e-checks, and other forms of electronic payments. This can save businesses time and money by eliminating the need to process paper checks. Payment processing can also help businesses reduce fraudulent activity by providing a secure way to accept payments. How much does a payment processing company cost to use? There are a number of factors that go into the cost of using a payment processing company. The first is the fees char...

Reasons for failed transactions and ways to avoid them 😉

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Introduction Transactions are an integral part of doing business. They involve a buyer and a seller, both of whom need to adhere to certain rules and regulations in order for the transaction to be successful. Unfortunately, there are times when transactions fail due to various reasons - but with the right strategies in place, you can reduce the chances of this happening and ensure that your transactions go through without any issues. Learn what the most common causes of failed transactions are, and how you can work around them, in this article! x What is a failed transaction? When a customer attempts to make a purchase using their credit or debit card, but the transaction is declined, this is referred to as a failed transaction. There are a number of reasons why a transaction may be declined, including: -Insufficient funds in the account -The account has been frozen by the bank -The card has been reported lost or stolen -The card expiration date has passed -The billing address provided...

Questions to Ask Before Choosing a Payment Provider? 🤔

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When it comes to selecting a payment provider, there are a great deal of distinct aspects to take into consideration. It may be challenging to find the payment provider that is ideal for the requirements of your company, but if you ask the correct questions, you may eliminate some of your options, leaving you with only the most suitable candidates. Before committing to a payment provider, there are a few crucial things you need to ask, and we will go over a few of those questions in this piece. 1. Which different kinds of payments do they accept? There is a wide variety of payment methods that are accepted by suppliers of payment services. Be careful to inquire about the kind of payment methods they accept, such as credit cards, debit cards, ACH transfers, PayPal, Apple Pay, and any other digital wallets that may be available. It is also essential to determine whether the methods of payment they accept are suitable for the requirements of your company. 2. What kinds of fees do they im...