Knowledge Base Archives | Page 3 of 13 | Starting Business

What is the purpose of an offshore merchant account

A merchant account is a type of account that is obtained from an acquiring bank, and it enables the account holder to accept and process online transactions. The primary reason for setting up an offshore merchant account is to benefit from a different jurisdiction’s favorable tax regime and stable economy…

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Advantages of a co-branded credit card

A co-branded credit card is a type of partnership agreement between three parties: the card issued, the card brand and the company that wishes to be co-branded. The primary purpose of a co-branded credit card is to enhance brand identity and promote the company’s business activity…

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Charges for online merchant processing

To process online credit and debit card payment transactions, it is imperative to obtain a merchant account with an acquiring bank to process and accept these payments. There are certain fees that retailers are required to pay for merchant processing purposes, these fees…

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Reasons to obtain a credit card processing account

Companies that wish to offer their clients online credit card payment options are required to obtain a credit card processing account. This account will enable the business entity to transact online payments and engage in e-commerce effectively. Retailers who wish to obtain…

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What is a PSP

A payment service provider, commonly referred to as PSP, is an institution that allows companies to process online payment transactions. The primary purpose of PSP is to facilitate the business entity in processing online payments by debit and credit cards, as well as…

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Advantages of mobile payment processing

The method of processing payments through a mobile phone device is known as mobile payment processing. This online medium of transacting payments has increased in popularity as an increasing number of individuals are opting to pay for goods and services through…

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What is a co-branded debit card

A co-branded card is a type of card that is issued jointly by a financial institution and a retailer. A co-branded debit card retains the features of a regular debit card; however it is endorsed by a bank as well as a retail merchant. These types of cards are considered to be…

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What is online credit card processing

Online credit card processing is a type of online payment solution that enables individuals to pay for goods and services through the internet. Companies, irrespective of their size, are able to accept these payments provided that they integrate and implement this payment solution within their business structure…

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