Knowledge Base Archives | Page 2 of 13 | Starting Business

What is a Cheque

Cheques are one of the most traditional methods of making a payment transaction. They are a favored and popular method of offline payment amongst retailers worldwide as they are considered to be a safe payment technique. Cheques only allow the named recipient to cash the cheque at a bank…

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Using prepay cards as a payment solution

A card that has been preloaded with a certain amount of money and has a certain credit is called a prepaid card. The most common form of prepaid cards is the gift vouchers issued by retail stores. This type of card enables individuals to pay for purchases by adding funds to their card in…

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What is e-commerce

Electronic commerce is the selling and buying of goods and services, through the internet. E-commerce, as it is commonly referred to, entails business performed over other computer networks as well. This is a growing industry as it enables consumers to conduct payment transactions…

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What is a bank wire transfer

A bank wire transfer is a method of electronically transferring a sum of money from one bank account to another. This payment solution is processed by a computerized messaging system that is utilized by banks and other financial institutions across the globe. To learn the best practices involved with…

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What are payment solutions

Individuals and companies that offer goods and services to their clients are required to integrate payment solutions within their businesses in order to accept and process payments. By implementing relevant payment solutions, companies are able to offer their clients the most optimal method of processing payments…

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Why do I need a bank guarantee

A bank guarantee is a type of contract between a bank and an individual that is formed in the event that the individual wishes to invest a certain sum of money in order to initiate business. The agreement stipulates that the bank will settle the debt of the individual and make a full payment to the seller in the event that the individual fails to make it…

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What are prepaid cards

A prepaid card is a type of card that has been credited or preloaded with a certain amount of money, thus enabling its holder to make payments with it. A popular form of prepaid cards is gift vouchers offered at a number of retail outlets worldwide. Individuals are able to load the card with a…

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Why obtain offline payment solutions

Payment solutions enable business entities to transact payments for goods and services. Offline payments are a more traditional method of making payments, as this is an internet-free procedure. Retailers today have the advantage of offering online payment solutions in correlation with offline…

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What is a Payment Gateway

Specific software that allows a direct connection between a company website and a banking institution to process and transact payments is referred to as a payment gateway. A payment gateway is largely considered to be an “e-commerce application service provider”, that is, software which permits…

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