China has made great strides in catching up to the level of industrialization in other major economies and has become the world’s second-largest e-tail market, with estimates as high as $210 billion for revenues in 2012 and a compound annual growth rate of 120 percent since 2003. In point of

Foreign Exchange, also known as Forex or FX, is the trade and investment on currency markets and its fluctuation in relative value between the traded currencies. The main participants in the market are larger banks and financial institutions who function as trading anchors between many different types of buyers and

Peer-to-peer or rather most commonly known for its short abbreviation, P2P, is a type of network communication between users or peers. A P2P network is most commonly used to download torrents or other P2P files. Data and files are directly available to other networks as a P2P network does not

Merchants who have established an online dating business will know that it is a challenging experience. Banks and acquirers have taken a more conservative approach when underwriting higher risked merchant applications. In reality, online dating websites generally do not contain adult materials, thus it is not considered as a high

What is a merchant account? It is a type of bank account granted by an acquiring bank to online retail business owners to collect payments for goods or services. A merchant account will allow merchants to process the credit card and billing information to complete an online transaction. The bank

  We were pleased to see that our website’s new look and feel was selected and featured on Themify’s website. To take a look, click on the printscreen above. Awepay is and will always be the choice in trusted electronic online payments, thank you for your continued support.

Online retail merchants would have to apply for a merchant account if they wish to receive payments for the goods or services they provide. Typically, there are two different merchant accounts that they can apply for, however merchants often get confused when applying for one. We at Awepay would like

China UnionPay, commonly known as UnionPay or CUP, is the only bankcard association in China which was established in March 2002. Started in China, UnionPay has always worked towards the growing demand of international payment cards China Union Pay (CUP) aka UnionPay is the only domestic bank card scheme in The

In the online business industry, Pharmacy businesses are one of the primary targets for fraudsters to make money from. Generally known to all, Pharmacy Merchant Accounts are considered as high risk accounts and are difficult to obtain these days. Financial institutions are constantly coming up with new and more stringent

Obtaining an Internet Merchant Account is the first step for online payment processing. Merchants with internet or online retails stores would need an account to accept payments via credit card, debit card, and other payment methods for goods and services sold. An internet merchant account is specifically catered for online