I am passionate about helping people understand content through my easily digestible writing. My writing niche is online payment processing and solutions.
8 Ways to Attract Merchants Using a PayFac-as-a-Service Solution
PayFac, or payment facilitation as a service, offers a different software platform to onboard new users and monetize payments. Additionally, the platform acts as a merchant account that sets up the sub-accounts for end users.
How to Optimize Your Online Payment Process for Higher Conversion Effectively
Overcoming all the obstacles in the conversion funnel plays a critical role in the payment stage. This step is significant for all online merchants looking to maximize their revenues. A lot of hard work goes into guiding the new site visitors through payments. But, according to crucial data from Statista, more than 80 percent of people reach the payment page but leave without making the payment. So, you need to optimize your payment process, so it does not affect your conversions. Also, by optimizing the payments, you can strengthen customer satisfaction and increase conversion rates by up to 30%. A secure payment system is a way to get started. Moreover, seamless payment processing ensures that the customer journey is smooth.
How To Prevent Fraudulent Credit Card Use
Content Source : How to Prevent Fraudulent Credit Card Use The use of credit cards is on the rise, as is credit card fraud. Such instances accelerated during the Covid-19 pandemic when demand for electronic payment options was on the rise for the shopping of necessities. This is paired with the report of varonis.com, which states that scams rose up to 400%, making COVID-19 the largest security threat.
How Does Credit Card Processing Work
Content Source : Credit Card Processing: A Detailed Guide for Merchants Step 1: Merchant takes the credit cardholder’s payment information at the card terminal (with a chip, magnetic stripe swipe, or through the contactless tap), over the phone, or online.