Payment Friction: How to Reduce it and Increase Sales
Payment friction in online checkout can significantly impact conversion rates and sales. It is a major concern for e-commerce businesses as nearly 70% of shopping carts get abandoned at checkout…
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What is the Merchant Discount Rate for Payments?
The Merchant Discount Rate (MDR) is a critical component in online payment processing, encompassing the fees levied on merchants for incoming transactions. Ranging between 1% and 3%, MDR involves a…
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Pros and Cons of Investing in Fixed Capital vs Working Capital
Capital investment is essential to building a successful business or financial portfolio. However, before making any investment decisions, it’s important to understand the different types of capital investments available and…
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How do I Create a Payment Gateway API?
We live in an omnichannel customer experience era, and developers play a critical role. They ensure that all data is processed correctly, from when a customer looks at a product…
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Auto Debit vs Manual Payment Processing: Which is Better for Your Business?
As a business owner, you know that managing finances is crucial to the success of your business. And a critical aspect of financial management is payment processing. But with so…
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