Mobile payment processing is the process of collecting information, authorization and money wirelessly using your smartphone. The most common examples are buying a cup of coffee with your phone, purchasing items on-line and requesting receipts via email or text message. Customers may pay for goods or services by simply tapping...
How to Avoid eGift Card Fraud?
There are a few ways to avoid becoming a victim of eGift card fraud. First, only buy eGift cards from reputable retailers. Second, make sure you have a strong password and security questions for your account. Third, do not share your account information with anyone. Finally, keep an eye on...
Card Present vs Card Not Present Transactions
The security of a credit or debit card transaction depends on the type of payment. Card present transactions are more secure than card not present transactions. In a card present transaction, the card is physically present and the cardholder verifies the amount to be charged. The merchant swipes the card...
What Is a Third-Party Payment Processor?
Payment processors are the companies who allow online merchants to accept credit card transactions. They accept your monthly fees, charge you a per-transaction fee, and pay you the proceeds on your sales. If you're starting an ecommerce business or accepting payments on your site for services or subscriptions, then you...
