Offshore Payments: Everything High Risk Merchants Need to Know Ecommerce stores have provided immeasurable convenience to many customers of today and have increased the potential income of many entrepreneurs. But like any other innovative breakthroughs, online stores also have their downfalls. One of which is its limitation when it comes to accepting payments. Fortunately, offshore …
Cryptocurrency Payment Gateway What It Is and How to Find the Best Provider Cryptocurrency payments have grown popular especially after the peak of Bitcoin in 2017. According to reports, there are almost 34 million active crypto wallets all over the globe in 2019. Because of this, eCommerce merchants have opened their doors to cryptocurrency payments. …
A Beginner’s Guide to Offshore Merchant Accounts Is your business based in a non-resident country? Does your business deal with a large amount of transactions, is in the grey area, or in an industry with high chargeback rates? If your answer to these questions is yes, then you have probably experienced the rough patch of …
Credit Card Processing for Online Gaming Merchant Accounts The online gaming industry has taken off massively especially in the North American and Asian regions. But running such a business may come at a high cost. The growing number of players of Massively Multiplayer Online Role-Playing Games (MMORPGs) has driven an estimated amount of $19.9 billion …
Cryptocurrency Merchant Account FAQs Traditional banks and payment service providers (PSP) generally turn down doing business with cryptocurrency merchants, who are classified under the high-risk category. That’s where cryptocurrency merchant account providers come in — to enable businesses to accept cryptocurrency as a secure, fast, and legitimate payment method. How do cryptocurrency merchant account services …
How Long Does a Wire Transfer Take? Wiring money is one of the fastest ways to send money within your country in as fast as a day. Businesses sending money internationally, specifically EU wire transfer services, can also use programs to increase settlement times. What Does Wire Transfer Mean? A wire transfer is an electronic …
A Comparison between Wire Transfers and ACH Payments Wire transfers and ACH payments are two of the most used electronic methods to send or receive funds. They’re essentially similar in terms of application, but as a merchant, you need to understand how they work and what their core differences are so you can decide which …
What is a SWIFT Code? Understanding SWIFT/BIC Codes When you make an international payment, banks will ask you for some key pieces of information to ensure your fund transfer will be sent to the right bank and recipient. Among other requirements, you’ll need to provide a bank identification code: a SWIFT address. What is a …
IBAN 101: Everything You Need to Know About International Bank Account Numbers Wiring money abroad? Before you can receive or make international payments, you’ll need an IBAN first. IBAN stands for International Bank Account Number, a unique code assigned to an individual bank account involved in overseas transactions to help banks process transfers around the …
Wire Transfers: Everything You Need to Know Electronic money transfer or also known as wire transfer — you’ve probably heard about this from business transactions, and financial institutions. To put it simply, you are sending a specific amount from your own bank to the bank account of the recipient, be it for commercial or personal …