Point of Sale (POS) refers to the place where a transaction takes place. The POS transaction involves a customer and a merchant along with a product or service that is being purchased through the POS system. This means that any monetary exchange processed through POS software is called a POS

Bancontact, formerly known as Mister Cash, is the most popular online payment method in Belgium. Payment is completed in the customer’s own internet banking environment. It is a guaranteed payment method. In other words: the money is transferred directly and payment is irreversible. A payment with Bancontact is similar to

A rolling reserve is a type of cash reserve that withholds a small percentage of all gross sales of a merchant for a predetermined amount of time in a non-interest-bearing account before releasing the funds to the merchant. For high risk merchant accounts, rolling reserves are typically used by credit

E-wallet, Credit Card and Debit Card are cashless payment. But what is the difference between them? Credit Cards Allows you to pay merchant for goods and services by borrowed money from a bank and only pay at the end of every month. Either you pay all of the money spent

Contactless payments came from a need for more security than magnetic-stripe cards, which carry the information associated with your bank account right in the stripe. The benefit today is that they don’t require any physical contact between a customer’s smartphone or credit card and your POS, allowing you to avoid