Knowledge Base Archives | Page 11 of 13 | Starting Business

The method of online payment processing

A payment processor can be a third party or an acquiring bank that is chosen by a merchant to facilitate all payments that are being made through the acquiring bank. The method of payment processing involves several steps thus all e-commerce businesses should take precaution in ensuring that all transactions…

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Advantages of debit cards

Debit cards are a type of cash card that enables the holder to access their account in order to pay for goods and services. Unlike credit cards, debit cards only allow holders to spend the money that is present in their account at the moment of purchase…

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What is a payment processor

A payment processor is a company that is chosen by the merchant to oversee all online payments made to the acquiring banks. It is vital to obtain the services of a payment processor in order to begin the processing of online payments…

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Why use credit cards

A credit card is a type of money card that enables its holder to spend a certain amount of money on credit however, this amount of credit needs to be repaid by the user, typically at competitive interest rates. There is a specific limit on…

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The advantages of e-wallets

An e-wallet is a software platform that individuals can employ in order to access and store online shopping information. E-wallets are accessible through smartphones such as iPhones and BlackBerrys. E-wallets enable users to carry…

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What is MasterCard SecureCode

The MasterCard SecureCode is an added security measure for online payment transactions through your MasterCard. The SecureCode is a private code that card holders use in order to protect their MasterCard account from fraudulent…

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What is Check 21

Check 21, the check clearing process of the 21st Century, is a law that allows financial institutions to process electronic checks instead of the traditional paper checks. This enables banks and other financial organizations to be…

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Disadvantages of E-Commerce

E-commerce is one of the fastest growing business entities however; it is also one of the newest forms of conducting business. With its late introduction in the world market, trust and security are the most important aspects which…

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Advantages of E-Commerce

E-commerce is the fastest growing industry as it allows companies and individuals to trade goods and services through the internet. This enables merchants to appeal to a much larger market as the internet grants…

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