What Are Micropayments? How Do They Work?
In this digital age, virtually every product or service, without exception, is available for online purchase, facilitated by online transactions. As consumers, we seek secure transactions, while as suppliers or…
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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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