About card acquiring
About card acquiring An acquiring bank is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. The acquirer allows merchants to accept credit card payments from the card-issuing banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express. The acquiring bank enters into a contract with a merchant and offers it a merchant account. This arrangement provides the merchant with a line of credit….
What are e-vouchers and how to use them
What are e-vouchers and how to use them You can buy an electronic voucher from many different types of businesses these days. Whilst e vouchers were originally exclusive to retailers, many businesses in the service industry are seeing the benefits of turning their service into a gift. E vouchers can be in the form of monetary value or an experience-…
Alternative payment methods
Alternative payment methods Alternative payment methods (APMs) are new means of paying for purchased goods or services. They’re alternatives to more conventional payment methods, such as cash or major credit cards. Some common examples of APMs include: Prepaid cards Bank transfers Digital wallets Cryptocurrencies Loyalty programs Local cards Delayed payment and installment options The pandemic has spurred consumers’ rapid adoption…
Mobile application for payment
Mobile application for payment A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital…
