Knowledge Base Archives | Starting Business

Why obtain Postal Payments

Payment transactions conducted through the post are referred to as postal payments. These transactions are a type of offline payment solutions that enable individuals and companies to conduct money transfers in a safe and secure manner. Postal payments are most popular in making domestic…

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Why Offer Bank Wire Transfer Services

A bank wire is an offline payment procedure that transacts payments from one bank account to another. It is a favorable method of payment processing as it offers high levels of security for international transactions. Companies that offer their clients the opportunity to pay through bank wire services…

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What is an E-Wallet

Specialized software that enables individuals to store highly sensitive and private information with regards to online shopping is referred to as an electronic wallet. An e-wallet is a highly popular acquisition for online shoppers as they are able easily access their private information at the ease of a click…

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Advantages of E-Commerce

As one of the fastest growing industries in the world, e-commerce allows individuals and companies to trade goods and services through the medium of the internet. The global appeal of this industry allows merchants to target a much larger market, thus attracts clients from across the world…

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Benefits of Offline Payment Solutions

Offline payments are the processing of payment transactions without the use of the internet. These types of payment options are most popular amongst retail outlets and traditional stores, enabling individuals to pay for goods and services at POS terminals with cheque or cash payments…

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What is PSP Software

Payment service providers (PSP) are institutions that enable companies to accept and process online payment transactions. PSP software is necessary specialized software that allows PSPs to operate as a payment service entity. This software allows merchants to receive information and data into particular accounts…

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Do I Need a License to Issue Pre-Paid Cards

A card that has a specific amount of money pre-loaded onto it is known as a pre-paid card. This type of card can be utilized to conduct payment transactions at POS terminals as well as online, provided that the card is accepted. Retail shops offer pre-paid cards in the form of gift cards…

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What is 3-D Secure Authentication

3-D secure authentication is a highly advanced security protocol developed for online credit and debit card payment transactions. The financial services entity Visa has been the instigator for this security measure, developing and introducing 3-D authentication as a method of enhancing security…

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What is PayPal

PayPal is considered to be one of the safest and quickest options to transact online payments. As an internationally renowned e-commerce business entity, PayPal enables individuals and companies to conduct payments through the medium of the internet…

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What is a PSP license

Companies that wish to offer merchants the opportunity to provide online payments solutions to their customers, must obtain a payment service provider (PSP) license. The procedure of obtaining this license is relatively complex as it has stringent rules that the applicants must fulfill…

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