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Open Source Payment Gateway: Benefits and Drawbacks On the verge of starting your own payment processing business, you are faced with the choice: either develop payment software or look for another path. There are several factors to consider, namely financial resources, time, developers' team, and experience in fintech software development.
How Automated Merchant Onboarding Can Increase PSP Efficiency The main goal of automated merchant onboarding is to simplify your work and save you countless hours that can be used for more significant tasks. For instance, if now you have a department of 3 employees in charge of merchant onboarding, after its automation, one employee will be able to handle it.
How Payment Processing Works We refer to payment processing when we pay in an e-commerce store, purchase movie tickets on a website, and receive money for goods or services sold online. Payment processing is the process of collecting, verifying, and transmitting payment information from customers in order for the merchant to receive a payment.
How Retailers Can Benefit from Payment Orchestration The shift from in-store to online shopping has required retailers to be more creative and skilled at marketing their products, staying competitive, and satisfying customers' needs at all stages of the purchase process.
How We Increased Gambling Business Net Income by $600K per Year via Payment Orchestration Platform Juggling between several payment providers when you have a high-volume gambling business can be exhausting, time-consuming, and financially inefficient. No wonder such an approach is gradually receding into the past, giving way to more efficient and tailored to the needs of high-risk business payment solutions.
How to Increase E-commerce Revenue Using Payment Orchestration Platform Each online merchant strives to grow business and increase profits. There is no better way to do it than by choosing the right payment solution since it affects the conversion rate and processing costs.
What is Payment Reconciliation? Every business needs to track its financial activities to achieve growth and operational efficiency. The best way to ensure the foundation of your financial operations is to maintain proper financial records by tracking every payment.
3D Secure: How to Level Up Your Payment System With the rise of online transactions, so too comes growth in the rate of online payment fraud. According to estimates, eCommerce lost around $20 billion in 2021.
How to Boost your PSP by Using White-Label Software One of the most common problems with PSP businesses is that despite all the efforts and financial expenditure, they cannot achieve the desired conversion. Most of the time, small business owners lack the technology that the payment giants possess.
How Much does it Cost to Develop Own Payment Gateway It may not have occurred to you, but the payment gateway is already integral to our daily routine. Each time you order goods in an online store or pay a bill through your smartphone, the payment gateway is in charge.