Category - Credit Card Processing

Would you prefer to live in a cashless society where all transactions are done electronically, with paper money vanishing completely?  During the annual survey from Diary of the Consumer, it was discovered that only 19% of payments in 2020 were done in cash. These numbers are 7% lower than those of the 2019 survey. Without forgetting the pandemic’s impact, we still see an unusual increase in the use of cashless payment methods. Data on different factors gives us more insights.We have to consider how to regulate and execute payments between consumers and merchants. All tools have been already come up! Payment processing providers facilitate this task. POS terminal, website purchasing form, mobile application to confirm paying, etc. — all these modes go with payment processors. The...

It is almost impossible to overstate how much progress the entire world of commerce has experienced due to the advent of digital and online payments. In this day and age, individuals and businesses can now complete business transactions worth millions of dollars in a matter of minutes. Just twenty years ago, suggesting such a transaction to anyone would practically scare them away, but today, it has more or less become standard practice. Over the past decade, several policies have been made in different countries to regulate physical cash handling, all to promote the culture of digital and online money processing in these regions. Many countries have even gone as far as introducing “e-currencies” to serve as additional legal tender within and outside their borders. This exists...