As a merchant, understanding the status of your Payment Order can help you decide what actions need to be taken next in the transaction process. Should you proceed with the delivery, or refund the payment? Let’s take a look at the details.
Every payment that happens on your website triggers a set of processes that work together to make the transaction possible. In this article, we will explain the role of the Issuing bank for ensuring that merchants receive their funds after a payment.
The processing of digital transactions requires the coordination of various key players to make an online payment possible, and one of them is the acquiring bank. In this article, we will explain its role in the payment network.
Payment fraud has been increasing at an alarming rate during the last few years, with more than 5 million records being stolen daily. We will explain everything that you need to know about online payment fraud in order to protect your company.
Services in the microfinance sector have been gaining an increasing popularity in the last few years. However, because micro-loans revolve around debt recovery, analytics are really important to ensure that your company is on the right track.
Declined transactions cost businesses money. Every year, more than $145 billion dollars worth of eCommerce purchases will be lost due to card declines. Here are 4 tips that can help merchants reduce them and capture more revenue.
The FinTech industry experienced an incredible growth in the last decade across the whole globe. However, due to a variety of economic, social and political factors, some countries observe a faster progress than others. Where is Spain in this equation?
E-commerce retailers invest heavily on Marketing and Advertising to attract potential customers and generate sales. However, the final step of the process – the payment, is often neglected, resulting in shopping cart abandonment.
Chargebacks are the worst nightmare of every merchant. They can result in revenue loss, ruined reputation, and even termination of your online account. Fortunately, there are ways to reduce their frequency and alleviate their impact on your business.
At MYMOID, we understand the importance of providing a seamless payment experience to our customers. For this reason, we are on a mission to change the way companies accept payments, and show you why a Payment Gateway should be a crucial part of your overall business strategy.
