The term underbanked refers to individuals or families who have a bank account but often rely on alternative financial services such as money orders, check-cashing services, and payday loans rather than on traditional loans and credit cards to manage their finances and fund purchases. This may be because they lack

With online sales multiplying by the day, and 2020 predictions for the sector approximating at trillions of dollars, merchants must understand key market trends to stay afloat in a dynamic market. Payments, for instance, are vital in making the sales process successful. With the advent and widespread use of cellphones,

Generally, there are four main methods to integrate a payment gateway: Hosted gateway A hosted payment gateway acts as a third party, as it requires your customers to leave your website to complete a purchase. The pros of a hosted payment gateway are that all payment processing is taken by the

It’s no surprise that everyone who touches the transaction wants to get paid, including the issuing bank, the credit card associations (Visa, MasterCard, etc.), the merchant bank and the payment provider. At its most basic, every time you process a transaction, you pay several fees: Interchange: The issuer gets paid

2C2P (Cash and Card Payment Processor) is a Southeast Asian (SEA) comprehensive payment solutions provider. Founded in 2003, the company has since established itself as one of the leading payment solution providers in Asia-Pacific. 2C2P is well positioned to provide payment solutions tailored for the local needs of Asian and

As anyone who owns or manages a retail business knows all too well, American Express (NYSE:AXP) charges merchants significantly higher fees than Visa or MasterCard.The actual rates vary depending on several factors, but American Express charges retailers around 3% of each sale, while Visa and MasterCard charge around 2% on

1. PayPal For merchants who are looking for a low-volume payment processor, PayPal has proven to be a solid choice since it debuted in 1998. On top of having budget-friendly prices, PayPal operates in more than 200 countries and in 26 currencies and allows users to integrate PayPal checkout on

One of the biggest challenges for the gaming industry is adapting to ever-changing regulations. The gaming industry is highly regulated, and the European online gaming market has no policy that regulates all countries across the continent. Every merchant, depending on the country they operate in, needs to follow regulations, licenses,