What are A2A Payments? A2A payments are direct financial transfers between bank accounts that bypass traditional intermediaries like card networks, processing centres or payment aggregators. These transactions move funds directly from one account to another using banking infrastructure rather than…
What the latest data tells us about stablecoin use cases, payments adoption and the gap between hype and reality Stablecoins get a lot of airtime. Headlines talk about trillions in annual transaction volume, the GENIUS Act reshaping US policy and…
Enhancing Online Gambling AML to avoid fines and license suspensions Successful European iGaming operators build compliance processes that protect market access while maintaining operational efficiency. This guide outlines six practical steps to help you meet regulatory requirements while promoting business…
Stablecoin Offers Fast, Secure Payments for Businesses. Fast and reliable payments are essential for businesses operating across borders. Stablecoin payouts provide a solution that avoids delays, high fees and currency conversion issues common in traditional payments. They offer a quicker…
Examine key considerations for implementing recurring direct debit payments and the potential pros and cons Are you weighing your options for collecting subscription payments from your customers? You might wonder how direct debit recurring payments compare to other methods. You…
Understanding the Rising Threat of QR Code Fraud Quick Response (QR) codes have become a popular tool in commerce. With a quick scan, customers can quickly access websites, make payments, and engage with your business. But the same tool that…
Merchant’s responsibilities Under PCI DSS 4.0 When Working with a PCI Compliant PSP When considering PCI DSS 4.1 requirements, many merchants ask, “What am I responsible for?” If you accept card payments, even through a Payment Service Provider (PSP), compliance…
Managing Merchandise Not Received Chargebacks Chargebacks labelled 'Merchandise or Services Not Received' hit businesses hard–especially across retail, digital goods, and ticketing industries. These disputes happen when customers claim they did not receive purchased items or services. This article outlines strategies…
Why Localising Payments Matters Many businesses try to process transactions in LATAM markets like Brazil and Mexico using cross-border processing for schemes like Visa and Mastercard. It seems efficient, but it often backfires. Why? A large number of locally issued…
What is Tambo Tambo is a widely used cash payment method in Peru. This payment solution is primarily popular among consumers who prefer using cash for their everyday transactions. Designed to simplify cash handling, Tambo offers a secure and efficient…
What’s the Right Mix of Tools for Your Business? When it comes to RDR, Ethoca Alerts and Verifi CDRN, it’s not always clear how they work together—or which ones are worth your time. Let’s break it down to help you…
What’s the Connection? If you’ve noticed that VPN or proxy users are triggering more chargebacks, you’re not alone. Fraudsters love using these tools to hide their identities and dodge fraud detection systems. However, blocking VPN traffic outright could result in…
What are Visa 10.5 Chargebacks? Visa 10.5 chargebacks are tied to fraudulent transactions. They are typically flagged when a cardholder claims they didn’t authorise a purchase. These chargebacks are especially difficult to reverse, especially if the transaction triggered a fraud…
What Is Viet A Bank? Viet A Bank is a prominent financial institution in Vietnam, providing diverse banking services, including online banking solutions for individual consumers and businesses. Viet A Bank's services are widely used in Vietnam, catering to a…
Understanding Merchant Category Code 4816: Computer Network Services An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by…
What is Merchant Category Code 4814: Telecom Services Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. Established by the ISO (International Organization for Standardization), these codes are universally accepted by…
Understanding Merchant Category Code 1711: Air Conditioning, Heating, and Plumbing Contractors An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs…
Why is LATAM facing high payment processing decline rates? Across Latin America, businesses are running headfirst into an invisible wall: unusually high payment processing decline rates. Whether due to insufficient funds, fraud concerns, or local banking restrictions, businesses often face…
Best practices and process improvements to simplify the management of repeat and subscription customers who have initiated a chargeback When a customer who previously filed a chargeback attempts to return, businesses must decide whether to block, monitor, or allow them…
Automate Billing, Recover Failed Payments and Keep Customers Loyal With the Right Subscription Payment Processing When recurring revenue is your business model, every failed payment can quickly morph from a minor technical glitch into a major threat to your bottom…
Understanding Merchant Category Code 7841: Video Tape Rental Stores Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally accepted…
What is Merchant Category Code 1740 Merchant Category Code (MCC) 1740 identifies businesses providing services related to insulation, masonry, stonework, plastering, and tile settings. Understanding the importance of MCCs empowers merchants in these sectors to streamline financial transactions effectively. MCC…
What Is MCC 7273: Dating and Escort An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the…
What Is MCC 7021: Timeshares? Merchant Category Code (MCC) 7021 classifies payments linked to businesses involved with timeshare properties. This classification allows payment providers and processors to recognise the nature of these transactions, enabling accurate transaction categorisation. Businesses Under Merchant…
Understanding Merchant Category Code 5993 Merchant Category Code (MCC) 5993 classifies transactions related to businesses primarily dealing with cigars and tobacco. This classification is crucial for merchants, enabling them to align with relevant payment strategies. Understanding your MCC classification can…
What Is MCC 5969: Direct Marketing - Other? The MCC 5969: Direct Marketing - Other, is used to classify businesses engaged in direct marketing services not specifically categorised elsewhere, such as in codes 5967 and 5968. It helps payment processors…
What Is MCC 5967: Direct Marketing - Inbound? Merchant Category Code (MCC) 5967 designates financial transactions for businesses primarily engaged in direct marketing via inbound telemarketing. Businesses Under MCC 5967 MCC 5967 covers businesses utilising inbound calls to market products…
What Is MCC 5968: Direct Marketing - Subscription? Merchant Category Code (MCC) 5968 covers transactions connected to direct marketing-subscription businesses. Businesses categorised under this code include: Magazine Publishers: Organisations offering periodicals via subscriptions. Music and Video Clubs: Companies supplying media…
What is MCC 1761? Merchant Category Codes (MCC) classify businesses for financial transactions. MCC 1761 is used to identify businesses that specialise in roofing, sheet metal, and siding operations. What Types of Businesses Fall Under MCC 1761? MCC 1761 encompasses a…
Understanding Merchant Category Code 4829: Wire Transfers and Money Orders Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally…
What is MCC 5912: Drug Stores and Pharmacies Merchant Category Code (MCC) 5912 classifies transactions involving drug stores and pharmacies. These are businesses that primarily deal with prescription medications, over-the-counter drugs, and various health-related products. Understanding the significance of MCC…
What is MCC 5962: Direct Marketing - Travel Merchant Category Code (MCC) 5962 is an important identifier for businesses involved in direct marketing travel services. This code plays a crucial role by categorising transactions specifically within the travel industry. Understanding…
Understanding Merchant Category Code 7995: Betting and Casino Gambling An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
Understanding Merchant Category Code 9399 An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organization…
What is Merchant Category Code 4511: Airlines, Air Carriers (not listed elsewhere) Merchant Category Code (MCC) 4511 identifies transactions made with airlines and air carriers not categorised elsewhere. Understanding merchant category codes helps ensure clear, structured payment processing and enhanced…
Understanding Merchant Category Code 4814 Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally accepted by most card-issuing organisations…
Understanding Merchant Category Code 4899: Cable and Other Pay Television (Previously Cable Services) An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it…
Understanding MCC 3000: United Airlines Merchant Category Code (MCC) 3000 classifies transactions primarily associated with United Airlines, the major American airline headquartered in Chicago. MCC 3000 helps businesses ensure accurate payment categorisation, simplifying transaction tracking and financial reporting. Understanding these…
Understanding Merchant Category Code 4468: Marinas, Marine Service, and Supplies An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
What is Merchant Category Code 4582: Airports, Airport Terminals, Flying Fields Merchant Category Code (MCC) 4582 is an essential classification for businesses related to airports and flight services. Understanding MCC codes like MCC 4582: Airports, Airport Terminals, Flying Fields ensures…
Understanding Merchant Category Code 4722: Travel Agencies and Tour Operations An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
Understanding Merchant Category Code 4723: Package Tour Operators Merchant Category Code (MCC) 4723 is a specific code used for classifying transactions conducted by businesses that primarily operate as Package Tour Operators within Germany. Understanding this code ensures that transaction records are…
What is Merchant Category Code 4784: Toll and Bridge Fees An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
Understanding Merchant Category Code 4812: Telecommunications Equipment Including Telephone Sales An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
Understanding MCC 4225: Public Warehousing of Farm Products, Refrigerated Goods, and Household Goods An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it…
Understanding Merchant Category Code 4789: Transportation Services, Not Elsewhere Classified Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally…
Understanding MCC 1799 1799: Contractors – Special Trade, Not Elsewhere Classified Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are…
Understanding Merchant Category Code (MCC) 2741 An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International…
MCC 2791: Typesetting, Plate Making, & Related Services Merchant Category Code (MCC) 2791 classifies businesses specialising in typesetting, plate making, and similar services. Understanding MCC codes is important for improving financial reporting and transaction optimisation What Types of Businesses Fall…
What is Merchant Category Code 2842 An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International…
Understanding Merchant Category Code 4214 Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally accepted by most card-issuing organisations…
MCC 4111: Local/Suburban Commuter Passenger Transportation – Railroads, Ferries, Local Water Transportation An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. …
Understanding Merchant Category Code 4131: Bus Lines, Including Charters, Tour Buses An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs…
Understanding MCC 4112: Passenger Railways Merchant Category Code (MCC) 4112 identifies businesses involved in passenger railway services. This code is crucial for merchants managing credit card transactions related to railways. Merchant Category Codes like MCC 4112 classify businesses and help…
Understanding MCC 5051: Metal Service Centers and Offices Merchant Category Code (MCC) 5051 is essential for businesses engaging in metal distribution and service. Understanding MCC 5051: Metal Service Centers and Offices is crucial for identifying industry-specific payment classifications. MCCs like…
What is MCC 5074: Plumbing and Heating Equipment and Supplies Merchant Category Code (MCC) 5074 classifies businesses primarily involved in the provision of plumbing and heating equipment and supplies. Understanding MCC 5074 is crucial as it impacts how transactions are…
Understanding Merchant Category Code 5051: Metal Service Centers and Offices An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
What is Merchant Category Code 5046 Commercial Equipment, Not Elsewhere Classified Merchant Category Code (MCC) 5046 refers to business transactions that primarily deal with commercial equipment not classified elsewhere. This MCC is essential for understanding how transactions within such industries…
Understanding MCC 5131: Piece Goods, Notions, and Other Dry Goods Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally…
Understanding MCC 5122: Drugs, Drug Proprietors, and Druggist’s Sundries An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
Understanding Merchant Category Code 5111: Stationery, Office Supplies, Printing, and Writing Paper Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization),…
Understanding Merchant Category Code MCC 5193: Florists’ Supplies, Nursery Stock and Flowers Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization),…
Understanding Merchant Category Code 5074: Plumbing and Heating Equipment and Supplies An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs…
Understanding Merchant Category Code 5099: Durable Goods, Not Elsewhere Classified MCC 5099 plays a crucial role by classifying businesses that deal in durable goods, which don't fit into other specific categories. Understanding MCCs is essential for accurate service categorisation and…
Understanding MCC 5044: Office, Photographic, Photocopy, and Microfilm Equipment An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
What is Merchant Category Code 5039: Construction Materials, Not Elsewhere Classified Merchant Category Code (MCC) 5039 classifies transactions for businesses offering construction materials that don't fall into existing categories, highlighting industry specialists. Understanding MCCs ensures your transactions are properly categorised…
Understanding Merchant Category Code 5013: Motor Vehicle Supplies and New Parts Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are…
What is Merchant Category Code MCC 4900: Electric, Gas, Sanitary and Water Utilities An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it…
Understanding MCC 5085: Industrial Supplies, Not Elsewhere Classified Merchant Category Code (MCC) 5085 is designed to classify transactions for businesses dealing with industrial supplies not otherwise categorised. This MCC serves various industrial supply companies whose products don’t fit standard classifications…
What is Merchant Category Code 5094: Precious Stones and Metals, Watches and Jewellery Merchant Category Code (MCC) 5094 is assigned to businesses associated with the trade of precious stones and metals, watches, and jewellery. For merchants operating within this niche,…
Understanding MCC 5047: Medical, Dental, Ophthalmic, Hospital Equipment and Supplies An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
Understanding MCC 5045: Computers, Computer Peripheral Equipment, Software Merchant Category Code (MCC) 5045 refers to businesses focused on computers, computer peripheral equipment, and software. This code is crucial for classifying transactions efficiently, ensuring that businesses in this sector enjoy streamlined…
Understanding MCC 5499: Miscellaneous Food Stores – Convenience Stores and Specialty Markets Merchant Category Codes (MCCs) are numerical labels used by credit card networks to identify the types of services or products a business provides. They are essential for transaction…
MCC 5611: Men’s and Boy’s Clothing and Accessories Stores Merchant Category Code (MCC) 5611 identifies businesses dedicated to the retail of men’s and boy’s clothing and accessories. This MCC encompasses transactions belonging to a specific segment within the retail industry,…
What Types of Businesses Fall Under MCC 5691? Merchant Category Code, MCC 5691 is crafted for businesses specialising in men's and women's clothing. These include: Men’s Clothing Stores: Retail outlets focused on selling garments exclusively for men. Women’s Clothing Stores:…
What Types of Businesses Fall Under MCC 5651: Family Clothing Stores? Merchant Category Code, MCC 5651 identifies transactions within the category of family clothing stores. This code is important for merchants and businesses in classifying their retail operations to optimise…
Understanding MCC 5631: Women’s Accessory and Specialty Shops Merchant Category Code (MCC) 5631 defines transactions made at businesses dealing in women’s accessories and speciality items. This MCC code helps classify business activities for better financial reporting and fee assessments. Learn…
What Is MCC 5561 and What Businesses Does It Include? Merchant Category Code (MCC) 5561 is assigned to businesses dealing with recreational and utility trailers and camp dealers. This code categorises transactions in these industries. MCC 5561 classifies businesses that…
What Businesses Fall Under MCC 5712? Merchant Category Code MCC 5712 includes businesses selling furniture, home furnishings, and equipment, excluding appliances. The right MCC code helps streamline transaction categorisation, enhance business analytics, and optimise payment processing authorization and conversion rates…
Understanding MCC 5697: Tailors, Seamstress, Mending, and Alterations An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by…
Understanding MCC 5521: Automobile and Truck Dealers (Used Only) Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally accepted…
Understanding Merchant Category Code 5541: Service Stations An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the…
MCC 5699: Miscellaneous Apparel and Accessory Shops An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the…
MCC 5714: Drapery, Window Covering, and Upholstery Stores Merchant Category Code (MCC) 5714 classifies businesses that specialise in drapery, window coverings, and upholstery. Understanding MCC codes is crucial for merchants, as they determine transaction classification for processing and financial institution operations. What…
Understanding Merchant Category Code MCC 5211 Payment processors assign a four-digit Merchant Category Code (MCC) to classify a business by its goods or services. These codes, established by the ISO (International Organization for Standardization), are universally accepted by most card-issuing…
MCC 5199: Non-Durable Goods, Not Elsewhere Classified An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the…
Understanding MCC 5441: Candy, Nut, and Confectionery Stores Merchant Category Code (MCC) 5441 classifies transactions involving candy, nut, and confectionery stores. This MCC is vital for businesses operating within this sweet industry, as it helps credit card networks facilitate secure…
MCC 5641: Children’s and Infant’s Wear Stores An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the…
Understanding MCC 5422: Meat Provisioners – Freezer and Locker Merchant Category Code (MCC) 5422 is specifically designed for enterprises dealing with the storage and distribution of meat through freezers and lockers. MCC codes are essential in categorising transactions and are…
MCC 5261: Nurseries – Lawn and Garden Supply Store A Merchant Category Code, or MCC, is a four-digit numerical identifier that categorises businesses based on their primary trade. Banks and credit card firms employ these codes to calculate interchange charges…
MCC 5943: Stationery Stores, Office and School Supply Stores An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
What is Merchant Category Code 5940: Bicycle Shops – Sales and Service An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it…
Understanding Merchant Category Code 5933: Pawn Shops and Salvage Yards A Merchant Category Code, or MCC, is a four-digit numerical identifier categorising businesses based on their primary trade. Banks and credit card firms employ these codes to calculate interchange charges…
MCC 5964: Mail Order Houses Including Catalog Order Stores, Book/Record Clubs (No longer permitted for U.S. original presentments) An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type…
Understanding Merchant Category Code 5949 Payment processors assign businesses a four-digit Merchant Category Code (MCC) to categorise them based on their offerings. These codes, defined by the ISO (International Organization for Standardization), are accepted globally by the majority of card-issuing…
MCC 5733: Music Stores, Musical Instruments, Piano Sheet Music An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
Understanding Merchant Category Code 5960: Direct Marketing – Insurance Service An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
Understanding Merchant Category Code 5945: Hobby, Toy, and Game Shops Merchant Category Codes (MCCs) are four-digit numbers that classify businesses according to their main goods or services. Credit card companies and banks utilise these codes to set interchange fees and…
MCC 5937: Antique Shops – Sales, Repairs, and Restoration Services A Merchant Category Code (MCC) is a four-digit number used to classify businesses by the type of goods or services they provide. These codes are primarily used by credit card…
What Is MCC 5815: Digital Goods: Media, Books, Movies, Music Merchant Category Code 5815 represents a classification used by payment networks to identify transactions involving digital goods, such as media, books, movies, and music. What Types of Businesses Fall Under…
What Types of Businesses Fall Under MCC 5944? Merchant Category Code 5944 pertains to transactions made in stores specialising in watches, clocks, jewellery, and silverware. Understanding MCCs is important for merchants and financial services companies. MCC 5944 is categorised for…
What Types of Businesses Fall Under MCC 5921: Package Stores – Beer, Wine, and Liquor? Merchant Category Code (MCC) 5921 categorises transactions involving businesses that specialise in retailing alcoholic drinks. These include: Liquor Stores: Retailers offering a broad selection of…
What is Merchant Category Code 5813: Drinking Places (Alcoholic Beverages), Bars, Taverns, Cocktail Lounges, Nightclubs, and Discotheques Merchant Category Codes (MCCs) are four-digit numbers categorising businesses based on their primary goods or services. Credit card companies and banks use these…
Merchant Category Code 5718: Fireplace, Fireplace Screens, and Accessories Stores Merchant Category Codes (MCCs) are four-digit numbers that classify businesses according to their main goods or services. Credit card companies and banks utilise these codes to set interchange fees and…
Understanding MCC 5817: Digital Goods: Applications (Excludes Games) Merchant Category Codes (MCCs) are four-digit numbers that classify businesses according to their main goods or services. Credit card companies and banks utilise these codes to set interchange fees and track transaction…
Understanding Merchant Category Code 5931 Merchant Category Codes (MCCs) are four-digit numbers that classify businesses according to their main goods or services. Credit card companies and banks utilise these codes to set interchange fees and track transaction types. They essentially…
Understanding Merchant Category Code 5947 Merchant Category Codes (MCCs) are four-digit numbers that categorise businesses based on their primary goods or services. Credit card companies and banks use these codes to set interchange fees and track transaction types. They essentially…
The Role of SMS in Ecommerce Order Verification Ecommerce businesses are always looking for ways to improve customer experiences while reducing fraud and chargebacks. One area where many businesses are seeing success is using SMS for order verification. As fewer…
What is Merchant Category Code 5946: Camera and Photographic Supply Stores A Merchant Category Code (MCC) is a four-digit number used to classify businesses by the type of goods or services they provide. These codes are primarily used by credit…
Understanding MCC 5978: Typewriter Stores – Sales, Rental, Service An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
Understanding MCC 5997: Electric Razor Stores – Sales and Service An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are…
Understanding MCC 5983: Fuel – Fuel Oil, Wood, Coal, Liquefied Petroleum Merchant Category Code (MCC) 5983 classifies businesses primarily engaged in selling fuels. This category includes a diverse array of energy commodities, such as fuel oil, wood, coal, and liquefied…
MCC 5972: Stamp and Coin Stores – Philatelic and Numismatic Supplies Merchant Category Code (MCC) 5972 pertains to businesses focused on the sale of philatelic (stamp) and numismatic (coin) supplies. MCC codes are crucial for categorising merchants and understanding their…
Understanding Merchant Category Code 6381 Merchant Category Codes (MCCs) are key to optimising financial transactions by categorising businesses. MCC 6381, specifically related to Insurance Premiums, is one such code. However, it's important to note that MCC 6381 is no longer…
What is MCC 5966: Direct Marketing – Outbound Telemarketing Merchant Merchant Category Codes (MCCs) are four-digit numbers that categorize businesses based on their primary goods or services. Credit card companies and banks use these codes to set interchange fees and…
Understanding MCC 5995: Pet Shops, Pet Foods, and Supplies Stores A Merchant Category Code (MCC) is a four-digit number used to classify businesses by the type of goods or services they provide. These codes are primarily used by credit card…
Understanding MCC 5999: Miscellaneous and Specialty Retail Stores Merchant Category Code (MCC) 5999 is a versatile classification for businesses that don't fit generic retail categories. MCC 5999: Miscellaneous and Specialty Retail Stores encompasses a diverse group of businesses, ranging from…
Understanding Merchant Category Code 5965: Direct Marketing – Catalog and Retail Merchant An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. …
What Businesses Need to Know About the VAMP Ratio and how it is affected by TC40 Visa’s Acquirer Monitoring Program (VAMP) introduces stricter fraud and dispute monitoring requirements for acquirers and their merchants. Understanding how transactions are counted in the…
What Is the Visa Acquirer Monitoring Program (VAMP)? The Visa Acquirer Monitoring Program (VAMP) is Visa’s next-generation initiative to help acquirers and merchants manage fraud and disputes more effectively. Starting April 1, 2025, Visa will retire its Visa Fraud Monitoring…
MCC 5996: Swimming Pools – Sales, Service, and Supplies An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
Understanding Merchant Category Code 5962 An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organization…
MCC 4829: Money Orders—Wire Transfers An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organization…
Understanding MCC 6010: Financial Institutions – Manual Cash Disbursements An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined…
Understanding Merchant Category Code 5967 An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organization…
Understanding MCC 5970: Artist’s Supply and Craft Shops An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by…
Understanding Merchant Category Code 6300 Merchant Category Code (MCC) 6300 is a designation used to identify businesses primarily involved in insurance sales, underwriting, and handling premiums. Understanding MCCs and their significance can greatly enhance a merchant’s ability to manage transactions…
Understanding Merchant Category Code 7629 Merchant Category Code (MCC) 7629 identifies transactions related to electrical and small appliance repair shops. This code helps payment networks categorise businesses based on their services, streamlining financial processes. What Types of Businesses Fall Under…
Understanding Merchant Category Code (MCC) 7922 Merchant Category Code (MCC) 7922 identifies businesses that are involved in theatrical productions (except for motion pictures), as well as ticket agencies. This classification impacts how merchants track transactions, account for taxation, and manage…
Understanding Merchant Category Code (MCC) 8011 Merchant Category Code (MCC) 8011 is used to classify transactions related to the work of doctors and physicians not categorised elsewhere. It’s essential for healthcare businesses to understand MCC 9011 to ensure proper transaction…
Understanding Merchant Category Code (MCC) 7802: Motion Pictures and Video Tape Production and Distribution Merchant Category Code (MCC) 7802 is assigned to transactions associated with businesses involved in motion pictures and video tape production and distribution. What Types of Businesses…
Understanding Merchant Category Code 7534 Merchant Category Code (MCC) 7534 pertains specifically to businesses engaging in tyre re-treading and repair services. This MCC code classifies transactions from industries that specialise in keeping vehicle tyres in optimal condition. Understanding merchant category…
Merchant Category Code (MCC) 7911 is specifically allocated to businesses that operate in the businesses of dance halls, studios, and schools, designating their transaction activities within this sector. What Types of Businesses Fall Under MCC 7911? MCC 7911 covers facilities…
Merchant Category Code (MCC) 7929 is a classification for businesses in the entertainment industry. It encompasses Bands, Orchestras, and Miscellaneous Entertainers not classified elsewhere. Understanding MCC 7929: Bands, Orchestras, and Miscellaneous Entertainers (Not Elsewhere Classified) MCC 7929 serves the entertainment…
What is MCC 7941: Commercial Sports, Athletic Fields, Professional Sport Clubs, and Sport Promoters Merchant Category Code (MCC) 7941 is a classification of sports-oriented businesses. Designed specifically for commercial sports, athletic fields, professional sport clubs, and promoters, MCC 7941 is…
Understanding MCC 7623 A Merchant Category Code (MCC) is a four-digit number used by payment processors to classify a business based on the goods or services it provides. These codes, defined by the International Organization for Standardization (ISO), are universally…
Understanding MCC 7801: Government-Licensed On-Line Casinos (On-Line Gambling) Merchant Category Code (MCC) 7801 is a significant identifier for businesses involved in online gambling activities. This code classifies financial transactions related to government-licensed online casinos. These include: Government-Licensed Online Casinos:…
What Is PromptPay? PromptPay is a real-time payment system introduced as part of Thailand's broader digital financial infrastructure. It is widely used across Thailand for various types of payments—ranging from personal transactions to business payments—providing a quick and convenient method…
What Is Alliance Bank Alliance Bank is a prominent financial institution in Malaysia that facilitates a range of retail and business banking services. Known for its innovative banking solutions, Alliance Bank provides options like savings accounts, loans, investment products, and…
What Is PAYCO PAYCO is a widely-used digital wallet in South Korea, offering users a seamless way to manage and process various financial transactions using the Korean Won (KRW). As a locally focused eWallet, PAYCO is tailored to meet the…
MCC 7519: Motor Home and Recreational Vehicle Rentals Merchant Category Code (MCC) 7519 deals with motor home and recreational vehicle businesses and rentals. An MCC is a four-digit number assigned by credit card companies to identify the type of business…
What Is VP Bank Payment Method VP Bank, or Vietnam Prosperity Joint Stock Commercial Bank, provides a bank redirect payment method in Vietnam. It's a user-friendly payment service that facilitates secure online transactions, making it a popular and preferred payment…
Understanding MCC 7996: Amusement Parks, Carnivals, Circuses, Fortune Tellers Merchant Category Code (MCC) 7996 includes businesses that provide amusement and entertainment services, including amusement parks, carnivals, circuses, and even fortune tellers. What Types of Businesses Fall Under MCC 7996? MCC…
What Is VRB? Vietnam Russia Bank (VRB) is a notable payment method in Vietnam, known for facilitating seamless online transactions through a bank redirect system. This payment method leverages the trusted networks of participating banks around the region, making it…
Merchant Category Code (MCC) 7641 refers to businesses involved in the creation, repair, and restoration of furniture. This category serves various needs, from hand-crafting custom pieces to refinishing beloved heirlooms. What Businesses Fall Under MCC 7641: Furniture Reupholstery, Repair &…
Merchant Category Code (MCC) 7699 represents transactions for businesses providing various repair and related services which don't fit neatly into other specified categories. What Types of Businesses Fall Under MCC 7699? MCC 7699: Repair Shops and Related Services – Miscellaneous…
Understanding MCC 7631: Watch, Clock, and Jewelry Repair Merchant Category Code (MCC) 7631 represents transactions for entities engaged in the repair and servicing of timepieces and jewellery. Businesses Included Under MCC 7631 MCC 7631 encompasses a variety of service providers…
What Types of Businesses Fall Under MCC 7999? MCC 7999: Recreation Services (Not Elsewhere Classified) covers a broad range of activities. This includes stand-alone events and unique adventures that don't fit into conventional recreation categories. Learn why MCCs matter. RAPYD…
Merchant Category Code (MCC) 7997 covers businesses involved with Membership Clubs focused on sports, recreation, and athletic pursuits, as well as exclusive Country Clubs and Private Golf Courses. What Types of Businesses Fall Under MCC 7997? MCC 7997 is set…
Merchant Category Code (MCC) 9702 pertains specifically to GCAS Emergency Services, used exclusively for Visa transactions. Explore more about merchant category codes here. What is MCC 9702: GCAS Emergency Services (For Visa Only)? MCC 9702 is designated for businesses that…
What Types of Businesses Fall Under MCC 8299? Merchant Category Code MCC 8299 is a classification that represents a variety of educational services not specifically covered by other MCCs. Learn more about Merchant Category Codes (MCCs). RAPYD SOLVES PAYMENTS—ONCE AND…
Businesses Included Under MCC 8049 Chiropodists or Podiatrists Specialists focused on foot, ankle, and lower limb health. RAPYD SOLVES PAYMENTS—ONCE AND FOR ALL BUSINESSES Get everything your business needs to accept payments worldwide from a global leader. From merchant accounts,…
Merchant Category Code (MCC) 8999 categorises transactions for businesses offering professional services that don’t fall within other specified classifications. What is MCC 8999: Professional Services (Not Elsewhere Defined)? MCC 8999 serves as a catch-all category covering diverse professional services. These…
Merchant Category Code (MCC) 8220 encompasses institutions such as colleges, junior colleges, universities, and professional schools. This MCC code is important for understanding payment processing for schools. Explore more about Merchant Category Codes. Which Institutions are Classified Under MCC 8220?…
MCC 8043: Opticians, Optical Goods, and Eyeglasses (no longer valid for first presentments) Merchant Category Code (MCC) 8043 was traditionally assigned to transactions of businesses dealing in opticians, optical goods, and eyeglasses. However, this MCC has been marked no longer…
Merchant Category Code (MCC) 9211 is associated with transactions that relate to court costs, including alimony and child support. This code classifies the payments related to legal obligations determined by court proceedings. What is MCC 9211: Court Costs, including Alimony…
Merchant Category Code (MCC) 8398 is a code used by major card schemes such as Visa and Mastercard and by card processors to identify and manage transactions tied to Charitable and Social Service Organizations. What Types of Businesses Fall Under…
Merchant Category Code (MCC) 8931 is designated for services related to accounting, auditing, and bookkeeping. What Types of Businesses Fall Under MCC 8931? MCC codes like 8931 help categorise businesses based on the type of transactions they conduct. MCC 8931…
Understanding MCC 8641: Civic, Fraternal, and Social Associations Merchant Category Code (MCC) 8641 is designed to classify transactions associated with civic, fraternal, and social associations. These codes help financial institutions streamline billing and identify the nature of transactions more effectively…
MCC 8042: Opticians, Opticians Goods and Eyeglasses Merchant Category Code (MCC) 8042 is vital for businesses within the optical sector, specifically covering opticians, opticians goods, and eyeglasses. This MCC identifies and classifies transactions from merchants dealing in these specific products…
Merchant Category Code (MCC) 9700 pertains to the Automated Referral Service exclusively for Visa transactions. What is MCC 9700: Automated Referral Service (For Visa Only)? MCC 9700 is designated for businesses utilising automated systems to refer transactions for Visa cards…
MCC 8911: Architectural – Engineering and Surveying Services Merchant Category Code (MCC) 8911 classifies transactions pertinent to businesses involved in architectural, engineering, and surveying services. This MCC is essential for identifying and categorising firms that specialise in these sectors. What…
What is MCC 9399: Government Services (Not Elsewhere Classified)? Merchant Category Code (MCC) 9399 is a designation used for transactions with entities providing government services not classified elsewhere. This category enables clear identification and processing of payments by financial institutions…
Understanding MCC 8249: Vocational Schools and Trade Schools Merchant Category Code (MCC) 8249 encompasses institutions that provide vocational and trade education. Recognising the significance of MCC 8249 assists in correctly categorising businesses, ensuring seamless transaction processing. Learn more about MCC…
Merchant Category Code (MCC) 8050 is pivotal for businesses in the healthcare sector, specifically encompassing nursing and personal care facilities. Understanding this code is crucial for accurate transaction processing, financial reporting, and managing your business’s payment ecosystem. Learn more about…
Merchant Category Code (MCC) 9701 classifies transactions for Visa Credential Services. These services are unique arrangements sanctioned by Visa to enhance and verify secure payment credentials. What Is MCC 9701: Visa Credential Service (For Visa Only) MCC 9701 covers Visa-specific…
Merchant category codes (MCCs) are identifiers used to classify businesses by type of service or product provided. MCC 8699: Membership Organizations (Not Elsewhere Classified) represents a unique category. This MCC code is specifically for organisations that don’t fit neatly into…
Merchant Category Code (MCC) 4812 is essential for businesses operating within the telecommunications sector. It is crucial for merchants to understand their classification under this code, which impacts transaction categorisation and processing fees. What Is MCC 4812: Telecom Sales and…
What Is Visa? Visa is a leading global payment processor, recognised and utilised by millions of consumers and merchants worldwide. This financial service facilitates transactions through its credit, debit, and prepaid cards, making it a favourite payment option across multiple…
Vietnam Domestic Bank Transfer Vietnam Domestic Bank Transfers are a prevalent payment method in Vietnam. They offer a straightforward way for consumers and businesses to conduct transactions through direct transfers between local banks. This method provides a secure and trusted…
What Is Walmart Chile Walmart not only as a supermarket chain it also provides a cash payment method for digital transactions in Chile. How Walmart Chile Works When a customer wants to make a payment online, they can choose to…
What Is AB Bank? AB Bank redirects are a prominent payment method widely used in Vietnam, providing seamless bank redirect services for users who want to make secure transactions directly from their bank accounts. As a trusted local banking solution,…
Minimize financial losses and improve customer satisfaction by integrating early dispute resolution into your payment flow Chargebacks and disputes are a growing concern for merchants, directly impacting their revenue and acceptance rates. Solutions targeting consumer disputes play a critical role…
What Is WeChat Pay? WeChat Pay is a popular mobile payment method that originated in China and is now widely used across Southeast Asia. Embedded within the WeChat app, this payment solution lets users make quick and secure transactions from…
Accelerate your delivery cycle from several days to real-time with instant card payouts. With real-time payments gaining momentum, ‘real-time’ and ‘instant’ delivery are increasingly growing to be part of the payments conversation. As a result, many businesses are reevaluating payments…
What Is MCC 7994? An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organisation for…
UnionPay: A Leading Payment Method in China UnionPay is a Chinese financial services corporation headquartered in Shanghai. Founded in 2002, it is the largest card payment organisation in the world by payment value, offering credit and debit card services, mobile…
KakaoPay: A Payment Method That Expands Your Reach in South Korea KakaoPay is a popular digital wallet and mobile payment system in South Korea. Integrated with the messaging app KakaoTalk, it enables users to make online and offline transactions. KakaoPay…
GCash: One of the Best Payment Methods for Mobile Transactions in the Philippines GCash is a leading digital wallet in the Philippines, offering a robust platform for a variety of financial transactions in the local currency, the Philippine Peso (PHP)…
Elo Card: A Popular Payment Method for Reaching Brazilian Markets Elo is a Brazilian national financial services corporation that offers a range of card options including credit, debit, and prepaid cards. Founded in 2011 by Banco Bradesco, Banco do Brasil,…
GrabPay: A Payment Method That Expands Your Reach in Southeast Asia GrabPay is a popular mobile wallet and digital payment solution in Southeast Asia, particularly in Singapore and the Philippines. It is part of Grab, a super-app that offers services…
Hipercard: One of Brazil's Most Popular Payment Methods Hipercard is a widely accepted credit card in Brazil, issued by Itaú Unibanco. Initially launched as a loyalty card for Bompreço supermarkets in Recife in 1969, it evolved into a credit card…
Diners Club Card: A Payment Solution for Reaching Brazilian Businesses The Diners Club Card is a global charge card that provides premium benefits to its cardholders, such as access to exclusive airport lounges, rewards programs, and travel insurance. Established in…
AmBank: Payment Methods that Expand Your Reach in Malaysia AmBank is a prominent financial institution in Malaysia that provides various banking and financial services. Among its offerings, AmBank provides a bank redirect payment method that allows customers to make online…
Grow your business reach in Southeast Asia with Alipay. Alipay is a leading digital payment platform launched by Alibaba Group in 2004. It has grown to become one of the most popular payment methods in China, boasting over 1.3 billion…
What Is JCB? JCB (Japan Credit Bureau) is a prominent global payment brand, originating in Japan. It offers credit card services and is widely accepted across Asia and other parts of the world. Known for its strong presence in Japan,…
What Are 7-11 Cash Payments? Cash payments at 7-11 refer to a convenient method where customers can pay for online purchases using cash at their local 7-11 convenience store. This payment method is particularly popular in regions such as the…
What Is Aura Card? Aura Card is a widely recognized credit card in Brazil, offering consumers the convenience of making purchases both online and in-store. It is particularly popular for its ability to support instalment payments, making it easier for…
What are Currency Codes? There are currently ~180 recognized currencies in use today. Each currency has a unique code and symbol that distinguishes it from others. Currency codes are standardised codes that represent countries’ respective currencies. The currency code is…
By leveraging Rapyd's Disburse platform, you can streamline cross-border payments from Denmark to suppliers, vendors or partners worldwide, taking advantage of Rapyd's global payment network and local payout capabilities. Rapyd's Disburse platform enables organizations to make payouts in over 190…
Amex: A Premier Payment Method for Your Business American Express, commonly known as Amex, is a global financial services company renowned for its credit card, charge card, and travel-related services. Amex cards are widely used, especially in countries like the…
What Is MCC 7922: Ticketing Agencies to Merchants A Merchant Category Code (MCC) is a four-digit number used by payment processors to classify a business based on the goods or services it provides. These codes, defined by the International Organization…
What is MCC 4722? The Merchant Category Code (MCC) 4722 is an identifier used in the payment processing industry, specifically designated for businesses operating as travel agencies and tour operators. Merchant Category Codes (MCCs) are four-digit numbers assigned by credit…
What is an MCC? In running a business, Merchant Category Codes (MCCs) are a fundamental part of financial transactions, influencing everything from processing fees to fraud protection. If you've ever set up a card program or accepted card payments, you've…
The Purpose of Merchant Codes Merchant category codes (MCC) are tools used by credit card networks to categorise business transactions. Credit card companies assign these four-digit numbers to classify businesses based on their primary goods or services. Some MCC codes…
What Is DANA ewallet DANA is a popular Indonesian digital wallet that facilitates cashless and cardless transactions through a mobile app. Launched in 2018 by a startup backed by Emtek Group and Ant Financial, DANA allows users to store funds,…
Independent Sales Organizations (ISOs) play a pivotal role in bridging the gap between merchants and acquiring banks. If you're keen on diving deep into the mechanics of Independent Sales Organization payment processing or simply looking to familiarise yourself with it,…
What is Coins eWallet? Coins ph (Coins) eWallet is a popular digital wallet in the Philippines, providing a robust platform for a variety of financial transactions in the local currency, the Philippine Peso (PHP). This eWallet supports the financial inclusion…
What are the credit card decline codes and what do they mean? Credit card declined codes are specific codes assigned to transactions when a payment cannot be processed. These codes help identify the reason for the decline, whether due to…
What is MCC 7399? In the credit card industry, Merchant Category Code (MCC) 7399 is a broad classification used to group businesses that offer services not specifically defined by other MCCs. This category acts as a catch-all for various business…
Expand Your Business Reach For businesses operating in Cyprus, Rapyd offers a robust platform that facilitates transactions easily and efficiently. Simplify Payments and Payouts with Rapyd Leverage Rapyd Collect to effortlessly accept and manage payments both locally and internationally. Here’s…
The Importance of Payment Flexibility Whether you're operating a small startup or a large enterprise, the ability to accept multiple payment methods online can significantly enhance your customer experience and increase your conversion rates. Customers worldwide have diverse payment preferences,…
What is MCC 5122? Merchant Category Code (MCC) 5122 is designated for businesses primarily engaged in the wholesale distribution of pharmaceuticals, health and beauty aids, and related sundries. Credit card companies use this MCC to categorise transactions at establishments specialising…
Discover the key differences between Payfacs and ISOs in payment processing. Two key players in payment processing are ISOs and Payfacs. Understanding the difference between an ISO and Payfac is important for merchants looking for a payment solution for online…
Innovative businesses are using payment orchestration for high-growth payment solutions. Payment orchestration platforms are a new technology developed to tackle the growing complexity of payment processing, particularly for global businesses handling multiple payment gateways, methods, and currencies. These platforms are…
What Is Accounts Payable Automation and How Can It Streamline Payments? Traditional accounts payable (AP) operations are riddled with inefficiencies. Plowing through piles of paper invoices. Manually entering vast amounts of data into accounting systems. Checking (and double-checking) purchase orders…
Strategic merchant onboarding reduces payment setup complexity while maximising revenue potential Your customers expect smooth, secure payment experiences and your business needs reliable cash flow. This is where merchant onboarding becomes essential. As you'll discover, the right approach to merchant…
Unlock the potential of multi-license acquiring for enhanced payment solutions. PayFacs and ISOs know they need to work with card acquirers to execute their go-to-market strategies. But not all acquirers are created equal. A key advantage that many payments solutions…
What’s the Difference Between an ISO and a PayFac? When Payment Service Providers (PSPs) are looking to offer online or in-store payments to merchants, choosing between ISO vs PayFac models can be complex. Both options can simplify the process for…
How Rapyd’s Innovative Platform Overcomes the Unique Payment Challenges in Online Gaming The online gaming industry is a $180.3 billion-per-year titan of online commerce. As the industry expands, it's becoming increasingly evident that traditional payment processors fall short of addressing…
Let’s light up your end-of-year business strategy with more sales Three tips for a merry, bright, and profitable holiday season: Team Up for Tinsel and Triumph Foster community spirit and collaborate with neighbouring businesses for cross-promotions and events. Collaborations can…
Unlocking the European Market: Regulations, Taxes, and Choosing the Right Payment Gateway Europe offers a lucrative market for US businesses. As with any international expansion, there are unique challenges to navigate, especially when it comes to processing payments. From understanding…
As businesses strive to meet the ever-evolving demands of online consumers, the importance of robust eCommerce payment processing cannot be overstated Whether you're a seasoned retailer or a budding entrepreneur, understanding the intricacies of payments, from credit card payment processing…
For modern invoicing platforms, the ability to manage and process payments efficiently is a top concern. As businesses increasingly seek streamlined solutions for their financial operations, integrated payments have emerged as a key strategic initiative. What Are Integrated Payments? Integrated…
Who stands out and why Rapyd might just be your best bet Businesses today recognize the importance of Cross-Border Payments. According to Rapyd’s own research, 93% of enterprises consider cross-border commerce to be a top priority. As markets become increasingly…
Card Acquirer vs. Payment Processor: What's the Difference? At first glance, credit card acquirers and payment processors might seem synonymous, but they play distinct roles in the payment ecosystem. A payment processor facilitates the transaction, ensuring that details from the…
Need to accept credit card payments online? Here’s your guide to navigating Singapore's payment landscape. Singapore is a hub for global credit card processing and international payments system innovations. The city-state has rapidly transitioned to an almost cashless society, pioneering…
The market is full of point-of-sale payment terminal options. Here’s how some of the most popular and capable models in the UK stack up Whether you're a small business owner or a large retailer, the right payment terminal can make…
Rapyd guide to navigating the complexities of international online payment methods As more businesses are venturing into international markets, the need has never been greater to understand and accept international payments. With cross-border sales, the payment landscape changes dramatically, introducing…
Pain Points, the Keys to Customer Satisfaction and Business Growth “Bad customer support,” "no opportunity to pay with ewallets," "poor UI design," "difficult checkout," "delivery takes ages," "FAQs take all my time." For people, it's ordinary nagging. For business —…
Understanding virtual bank accounts, a new era in commerce In the dynamic landscape of fintech, virtual accounts are revolutionizing the way businesses handle their financial operations. But what exactly are virtual accounts? Simply put, virtual accounts function similarly to regular…
Decoding the fintech phenomenon and the rise of fintech SaaS companies The term "fintech" has become a buzzword in the ecommerce era. At its core, fintech, or financial technology, refers to the innovative use of technology to design and deliver…
Many shops offer contactless payments, and customers are quickly responding to this new trend. Given that contactless payments are fast and easy, the increased speed of payment has benefits for both the consumer and retailer, which is fuelling the rise…
They’re placing food orders on phones and paying with local app Yape. Similar to shoppers in other markets, Peruvians also shop online regularly. Weekly online purchases either on mobile or computer occur over one-third of the time. Fashion, restaurant takeout…
Step-by-Step Guide: Creating Your Rapyd Payment Links The ability to create and send payment links quickly and conveniently is key to keep your business thriving. With Rapyd, you can accept credit cards, bank transfers, ewallets, and over 900 local and…
Sweden’s Ecommerce Market Is Worth $18 Billion (€16.8 Billion) And Growing Steadily With high English-language fluency, ecommerce merchants worldwide can swiftly adapt sites for this market and communicate easily with shoppers. As for which channel consumers use, 30% of Swedes…
The Big Gig Continues to Grow In 2021 the gig economy industry was a $355 billion business. It’s expected to balloon to $873 billion by 2028. Besides monumental growth, what gig economy trends can we expect to see from gig…
ALÞJÓÐLEGU KORTASAMTÖKIN FELLA NIÐUR AUKASTAFI (AURA) Í KERFUM SÍNUM 13. APRÍL 2023 Rapyd vill koma því á framfæri að í fyrramálið, þann 14.apríl, verða gerðar breytingar á meðhöndlun íslenskrar krónu í alþjóðlegum kerfum kortafyrirtækjanna Visa og American Express, og daginn…
UPPFÆRT – TRUFLUN GREIÐSLUKERFUM Í DANMÖRKU 14. APRÍL 2023 Uppfært: Lagfæring hefur verið gerð þannig að korthafar ættu nú að geta notað kortin sín. Ekki er hægt að útiloka frekari truflanir en fylgst er náið með kerfum. Við biðjumst afsökunar…
RAPYD OG VALITOR HAFA NÚ SAMEINAST FORMLEGA 26. APRÍL 2023 Nú hafa félögin Rapyd og Valitor runnið saman og sameinast formlega. Við eigum ekki von á því að þetta hafi áhrif á þá þjónustu sem félögin hafa veitt viðskiptavinum sínum…
Advances in technology offer companies new opportunities for growth and success. It’s never been more important to stay on top of these developments and explore their possibilities. Right now, the metaverse is expected to be the next big thing in…
If you're planning a short-term event, whether that's a market stall, concert, or dining experience, chip & PIN machine hire can make everything that extra bit smoother. Although it might seem like less hassle and expense to have everyone pay…
New Rapyd research uncovers Germany’s most popular payment methods and the ways Germans prefer to shop and pay. Germany continues to rank in the top ten of the most profitable ecommerce sales markets worldwide. The tech-savvy population is well-versed in…
Problems with payment conversion? Running a business is like riding a roller coaster. There will be highs and lows from the start. Sadly, one of those lows is often a client not paying you on time. It’s an uncomfortable topic…
How to Effectively Use Machine Translation on Your Ecommerce Site to Expand to Multiple International Markets There have been a lot of articles criticizing Machine Translation (MT) for needing to be more accurate. But despite the bad reputation it has…
Announcing Rapyd’s APAC Treasury Solution: Built to help cross-border businesses simplify their global finances. It’s been a whirlwind of adoption since we announced our newest product, a multi-currency Treasury Solution for APAC-based businesses, at Singapore Fintech Festival (SFF) in November…
Today, mobile and web applications that provide many services are called Super Apps. Popular in Asia, Super Apps have been top-of-mind for tech leaders with strong opinions on whether this one-app-for-everything approach will take off in the U.S.
When was the last time you used cash to pay for items at checkout? If it's been years, you are not the only one. A report by McKinsey shows that more than four in five Americans paid for purchases and…
Join the Hack the Galaxy Competition – Solve Puzzles for a Chance at a Trip to the Edge of Space Rapyd and William Shatner have teamed up to host Hack The Galaxy, the biggest developer event this side of the…
Getting favorable terms of payment in international trade can mean the difference between high fees and high profits for businesses. Nearly every cross-border payment method inherently comes with risks and complexities. The risks are intensified for those businesses doing large…
Master merchant account fundamentals and calm your operational chaos If you run a business, issues like stalled international card payments erode profit and trust. Payment terms like 'merchant accounts' and 'acquiring banks' appear frequently in conversations with payment providers, yet…
Global businesses know too well that the more time it takes to send and receive international payments, the more complications there are. Whether through currency risk and fluctuations, negative cash flow impact, economic risk exposure or countless other factors, the…
Ebanx is a Brazilian Payment Gateway that Supports Various Payment Methods and Allows Global Businesses to Trade with Latin America. For those wondering what is Ebanx – and what they do – Ebanx is a payment platform that allows people…
Checkout.com Is an International Payment Platform that Processes Different Payment Methods Across a Variety of Currencies. Its fee structure depends on a number of factors such as card type, merchant’s location, and the consumer’s issuing bank, with fees passed directly…
Wix is a cloud-based website builder that includes web hosting and design services. Its user-friendly drag-and-drop tools and over 500+ ready-made templates help you build your website without either having specialist skills or hiring a web developer. Wix accelerates the…
Worldpay Is a Merchant Services and Payment Processing Provider Offering a Payment Gateway for Online Transactions. This company is now known as ‘Worldpay from FIS’ since its acquisition. They are a leading global payments technology business with over 30 years…
Companies are tapping into Virtual Account’s multi-currency capabilities to unlock new business benefits. In the past, sending and receiving money cross border required wading through complexity. From the challenge of opening multiple foreign bank accounts in every country you do…
Ask any service provider about the most frustrating part of running a business. We can almost guarantee their answer: overdue invoices. Cash flow is the lifeblood of any small business. Payment links provide a powerful tool to improve cash flow…
Investing Apps are enabling more people to trade in global markets, creating new risks, boundless rewards and reshaping trading as we know it. During the pandemic, the number of people trading in financial markets around the world soared. Credit Suisse…
Retail traders are fueling the rise of online investing worldwide, with investors from North America, Asia and Oceania and Europe behind this rapid increase. Latin America, the Middle East and Africa remind behind these top markets for investing, but these…
AliPay is a mobile payment app originating in China with over 1 billion users across the Asia Pacific and beyond. Alipay is a payment app and digital wallet, allowing users to send and receive money easily without using cash. It…
Simplify your escrow payments with the Rapyd API. Anyone can use the Rapyd Hosted Checkout Page to receive a payment and hold the funds in escrow for later release after all parties have completed their part of the payment agreement…
Boleto Bancario Is One of Brazil’s Most Popular Cash Payment Methods – Here's What You Need To Know About Accepting This Popular Payment Method. Boleto means ‘ticket’ and is a popular Brazilian cash payment method. A 'boleto' is a printed…
Capture user details while they are checking out on your website The relationship between you and your customer is vital for your business growth. The ability to help your customer save and store card information with you can improve return…
Businesses that accept Google Pay reduce cart abandonment, keep transactions secure, and reach more customers. The only person more valuable than a customer is a repeat customer. With its simple to use, seamless payment capacities, accepting Google Pay will keep…
Unlock new global markets by understanding these key terms in international small business payments and services. Whether you are looking to receive international online payments, or are figuring out how to offer your customers their locally preferred payment methods, here…
When it comes to open-source ecommerce platforms, which is better for eCommerce: OpenCart vs WooCommerce? If you’re choosing between OpenCart vs WooCommerce, you’re not alone. But deciding isn’t as easy as it seems, which is why we’ve created an overview…
If you think allowing customers to change payment methods after purchasing isn't worth it, think again. What’s the one feeling you never want a customer to have after they finish your checkout process? Dread. Unfortunately, that’s exactly what hits in…
Apple Pay helps businesses reduce fraud and improve purchase success rates and is a preferred contactless payment method for customers too. Here’s how to accept Apple Pay for your business. Apple Pay is one of the most popular forms of…
Ireland is known as a top global tech hub, and the nation’s eCommerce sales continue booming. Irish consumers actively shop online and are willing to spend big for the right products. Ireland’s Central Statistics Office (CSO) revealed that 79% of…
Here Are The Top Icelandic Payment Methods Consumers are Using Now This report covers 2021. Looking for the most recent data? Read our latest report. Tourism is one of Iceland’s biggest industries, and it’s no surprise given the natural beauty…
Paypal, Stripe or Rapyd: What's the best Prestashop plugin for global eCommerce? Just having a couple of the right payments features can end up creating a world of difference for your global sales. To increase your revenue and improve the…
How Simplicity and Interoperability Are Shaping Payment Trends. Our payments infrastructure enables countless transactions across the world every single second – but can businesses and governments keep up with this ever more complex and powerful payments infrastructure? It’s more than…
When it comes to eCommerce platforms, which is better: Magento vs. Prestashop? What are the pros and cons of Magento vs. Prestashop? The choice doesn’t have to be complicated. We break down the comparison to help you choose the best…
Discover how multi-currency virtual bank accounts enable better international financial services. Open banking and fintech APIs have revolutionized financial services with countless new products, including virtual accounts. Not to be confused with your everyday online bank account, virtual bank accounts…
Discover the steps to ready your business for international growth. Ninety-three percent of businesses across the United States and Europe consider cross-border commerce a high priority in 2022, according to Rapyd’s Global Cross-Border Commerce 2022 Guide. And with the cross-border…
Rapyd commissioned Forrester Consulting to survey customers and discover the Rapyd ROI. If you want to do business globally, you will need a fintech partner that enables you to embed local payment methods and financial services beyond just credit cards…
Here’s how the right card payment gateway can be the difference between high fees – and high profits for small businesses going global. Making the Right Small Business Credit Card Processing Choice is Key It’s no secret that accepting credit…
Choose the Right OpenCart Payment Gateway to Grow Your Sales Globally OpenCart is a free, increasingly popular open-source ecommerce platform that allows businesses to create a highly-tailored ecommerce experience. OpenCart comes with a number of core payment providers pre-installed and…
As Latin America embraces social media, more consumers are turning to social shopping as well. Social commerce is shopping done via social media apps such as Instagram, WhatsApp or Facebook without leaving the platform. Products may appear as organic posts,…
Listen to the Secrets of Rapyd Agility in this Podcast Interview with Erez Morabia, Rapyd R&D Manager.
Latin America’s growing middle-class are seeking faster, more inclusive financial services. So they’re turning to digital banking and payment apps. Neobanks and non-bank payment applications are closing the gaps in traditional banking and meeting the needs of a new market…
We were fortunate enough to be joined by Kevlin Henney at our Rapyd Developer Talk (DevTalk), where he shared his hard-earned insights with an audience of international programmers. Kevlin Henney is a consultant, international speaker, and editor of 97 Things…
There are many places for students, life-long learners and professionals to learn online. But if your payment methods don’t align with student needs, you might be losing out on countless potential customers. Today’s online education market is growing more international…
Forrester’s Report, The Retail Ecommerce Metrics That Matter, Details the Metrics Critical for Measurement, Ecommerce Success. To achieve key business goals such as increasing retail sales, digital business retail executives need to ensure that they have the right ecommerce metrics…
Americans spend billions of dollars every Small Business Saturday, and the right checkout experience and small business payment processor can make all the difference. In an effort to give small businesses a boost during the holiday season, Small Business Saturday…
Artificial Intelligence/Machine Learning (AI/ML) is an Area of Great Interest and Opportunity for Fintech Developers. Rapyd’s State of the Global Fintech Developer Report investigated the experiences and opinions of fintech developers in a survey of 500+ developers worldwide. Not only…
Understanding PCI compliance is essential for any business that accepts card payments, but what is PCI Compliance? PCI DSS (Payment Card Industry Data Security Standard) is a set of standards established by the PCI Security Standards Council with the aim…
With a growing eCommerce market, businesses using the top payment methods in Spain will gain an edge in Spain and improve their global presence too. This report covers 2021. Looking for the most recent data? Read our latest report. Spain…
Now, any company can be a financial services company. Fintech as a Service (FaaS) allows for any company to use fintech APIs to embed financial capabilities into their existing applications, products and services. FaaS solutions include white-label ewallet platforms, card…
When building apps, fintech developers prefer Python and C, want improved documentation, and rely on top cloud services. What's one of the most prized resources for fintech devs? The landmark study revealed that 56% of respondents reported solid documentation was one…
Here's how open banking in fintech is reshaping the global financial sector. For years, merchants and individuals dealt with the complexities of legacy banking operations. Lack of transparency, accessibility and lengthy bank processes pose numerous challenges. Each financial product and…
Understand the pros and cons of Checkout.com vs Adyen, and see which is a better option for doing business in Europe. Payment gateways play an important role in e-commerce, acting as the middleman between customer and merchant. They can affect everything from…
Fintech developers are spending significant time building special tools for their needs to keep up with the rapidly evolving payments space. This is just one of the findings revealed by S & P Global Market Intelligence’s recent study in conjunction…
Here's How Judges Choice Hackathon Winner Dominic Lupo Created A No-Code Fintech Web App. Domingo Lupo, a fintech CTO from Milan, Italy, was normally too busy with his work to participate in any hackathons, but Rapyd’s Fintech Hackathon stopped him…
Our original research with 451 Research on The State of the Global Fintech Developer shows new trends with developers are increasingly collaborative, optimistic about industry in 2022. Fintech is transforming global finance, and fintech developers are making this all possible…
Understand the unique characteristics of B2B payments to determine if Paypal for B2B Payments is the solution you need. Paypal is well known for its B2C and P2P payments capacities, but should you use them for your B2B payments too?…
Discover the differences between local Latin American payment service providers. Between dLocal vs EBANX, which is right for you? Merchants looking to make cross-border sales in Latin America need to fully understand the market. 40% of online purchases in Argentina…
Looking to get started with Rapyd but unsure of where to start? Get answers to the most common frequently asked questions our new customers and prospects have about accepting payments with Rapyd before creating your account. Whether you're starting your…
Learn how to select the mass payout platform to streamline your digital disbursements globally. What is a Mass Payout Platform? A mass payout platform allows you to quickly and easily make a batch payout. This platform can help you streamline…
Grow global sales and build a loyal customer base with the ecommerce solution that fits your business. You've heard of Shopify, but could Ecwid be the better ecommerce solution for you? While Shopify is one of the top names in…
Card-issuing APIs make it easier to issue cards, creating an improved experience for your customers, and greater accessibility and control for you. What Are Card Issuing APIs? Card-issuing APIs (Application Programming Interface) are used by businesses of all sizes to…
Fintech Developers are at the forefront in using AI, ML, – and Building Payments Infrastructure in their Projects and Initiatives, New Study Reveals. Developers play an integral role in the growth of fintech solutions. S&P Global Market Intelligence’s report on…
Christopher’s Innovative eWallet Shows Malaysian Innovation Despite never having participated in a hackathon before, Christopher Ket Yung Chee beat out over a thousand participants to be selected as the Rapyd's Fintech Hackathon Winner for the Asia Pacific (APAC). From Kota…
Discover what card acquiring is and why it's an essential part of ecommerce. Card acquiring is the process of collecting card-based payments that have been accepted by stores or retailers. When you go to a store, make a purchase and…
Learn how the right international mass payments solution can drive loyalty and simplify payouts. Making international mass payments is far from simple. Thankfully the payments landscape is quickly evolving to make global mass payments quicker, more secure, and easier than…
Contactless payments have seamlessly entered into the customer experience, and now most consumers are happy to pay contactless for items. In fact, customers will often opt to pay contactless for items that are under the £30 limit, rather than enter…
Learn how to Select the Best Ecwid Payment Gateway Plugin to Make the Most of your Store. If you’re planning on using Ecwid as a platform for your ecommerce business, make sure you can reliably and securely accept payments. This…
What embedded finance is, how it is taking off in Southeast Asia, and how your company can offer it successfully. Embedded finance is the process by which financial services are built into non-financial applications or platforms. Embedded finance enables companies…
Meet Avi Wolicki, the Winner of Rapyd Hackathon Circuit 2 What did Avi, a Cyber Security expert, think when he came across the Rapyd Formula 0001 Grand Prix Hackathon? “Looking over the resources, and [seeing] the ideas that were flowing…
Learn How to Choose the Best Wix Payment Processor Option for Your Business. Using Wix for ecommerce? Then you’ll need a reliable way to accept cards and other payments from your customers, wherever they reside. Choosing the right payment processor…
Learn how doing payment disbursement right supports effective business management and good working relationships. Disbursing funds around the world is increasingly complexity and involves a complicated network of disparate systems and processes. By choosing the right payment disbursement solution, organizations…
How did Ryan May, a Solutions Architect from Toronto react to his team’s hackathon victory? “Holy S***!” After learning that they had won the Rapyd Grand Prix Hackathon, Ryan and teammate Betsy Berger hugged and cried with joy. They hadn’t…
Card issuing drives loyalty, retention in today’s financial services landscape. Did you know that in the U.S. cards are used for almost half of all e-commerce transactions? [JP Morgan]. Worldwide, cards are a key part of a customer's financial experience,…
Know what key factors to consider when choosing a payment gateway for WooCommerce credit card processing. Many customers have experienced the frustration of trying to make a purchase and getting to checkout -- only to realize that a merchant does…
European merchants need a payment strategy for their Wix store that supports scalable cross-border growth, and provides customers with their desired payment methods. For this reason, the best Wix payment gateway providers must support a wide variety of payment methods…
Learn the pros and cons of the official WooCommerce payments extension to determine if it’s right for you. WooCommerce is an ecommerce plugin designed for merchants who have WordPress websites. The base product is free and has thousands of extensions…
Before choosing a payment gateway provider, you must first understand if you are located in a Stripe supported country -- and what other options you have. International payments company Stripe is known for its ability to accept payments worldwide. Despite…
As a merchant, you need to be able to accept payments globally with the peace of mind that your Shopify payment processing solution will protect your business and the customers. eCommerce platforms, such as Shopify, have enabled merchants to establish…
Learn the pros and cons of the new Wix payments option to determine if it is the right payments product for your business. Website provider Wix recently launched its own in-house payments gateway, which can be used in addition to…
Transacting in Europe? Avoid these common mistakes when choosing cross-border and international payment processors. If you're an ecommerce business looking to trade throughout Europe, there’s more to accepting international payments than simply finding the right payment processor. You need to not…
Discover which are the top payment gateways and payment systems in the European Union and across Europe. A payment gateway is a crucial component of payment processing for merchants. It authorizes the transfer of funds between the merchant and customer,…
Choose the right credit card processor to make accepting international payments in Europe simple and easy. Customers making purchases online have come to expect that they will be able to pay using their credit or debit card — no matter…
Improve your checkout experience to increase revenue and succeed in a global market With ecommerce continuing to boom in a global landscape where consumers want the ease and convenience that digital transformation brings, ecommerce platforms like Shopify have an incredible…
Although the wallet isn't intended for payments, it will still greatly expand digital commerce possibilities across Europe as identity verification processes get quicker, simpler and more secure. On June 3, the European Commission revealed their plans for a European Union…
Here in Brazil, we say that when you join fintech and e-commerce, you become addicted to it. That’s exactly what happened to me when I joined Fintech 8 years ago - and I have not looked back. Fintech and eCommerce…
Trying to decide between Stripe and Adyen? You’re not alone in trying to figure out which payment provider is better. While Stripe and Adyen are both globally recognized brands, each has pros and cons that must be considered before making…
Save your customer card details for future use. Credit cards account for 41% of online transactions and are prevalent in ecommerce markets in Europe and the Americas. For instance in Mexico, card payments account for 45% of all transactions, totaling…
Discover how digital wallets are used in Europe - and how they are reshaping commerce. In the last three years, the transaction value of European digital and mobile payments increased by over 30%. These payment methods are continuing to rise…
Learn how to complete a card payment with 3DS verification. 3D Secure is a card acceptance protocol that offers a liability shift that protects your business from chargebacks in the event of a fraudulent transaction. 3D Secure is required to…
Taking credit or debit card payments over the phone is becoming increasingly important for small and midsize businesses (SMBs). If you offer delivery on products, you are a merchant that is mobile, or if you sell services that require a…
Here is everything you need to know about choosing between Magento's free vs paid platforms for your ecommerce store. Adobe's Magento Open Source and Magento Commerce are both powerful tools for ecommerce merchants looking to sell worldwide. So what is…
Learn what an international wire transfer is and how it can be used to pay overseas employees. Remote work has become so popular that it’s common for businesses to need to make international money transfers to pay remote workers. However,…
Learn how marketplaces are transforming financial services - and how you can benefit. The marketplace business model is responsible for the growth and success of tech giants like Amazon, Alibaba and Etsy. Now this business model is set to disrupt…
Virtual cards are a powerful tool to build loyalty, pay remote workers and power innovative commerce experiences. Global card issuing is complex. A successful program requires a country-by-country implementation approach. Rapyd recognizes how complicated the payment industry is and how…
Use Rapyd Checkout to create a cross-border hosted checkout page. Customers abandon shopping carts at an alarmingly high rate due to hidden costs, extra steps, and unavailable payment methods. On average, 77.73% of all online shoppers worldwide abandon their carts…
Learn how secure online payment processing protects your customers and business from risk and fraud. Fraudsters are on the lookout for vulnerabilities they can use to access systems and steal data. Yet shoppers still need to be able to complete…
Shopify and Wix both make it easy to build an online store, but which platform is right for you? Shopify vs Wix? Shopify is a hosted ecommerce platform that allows you to easily create an online store without coding. Wix…
An ecommerce platform comparison guide. Shopify vs WooCommerce: it’s a comparison many merchants explore as they seek to grow sales and revenue. Use this side-by-side comparison of the popular ecommerce platforms to decide which one is right for your online…
From underdog to IPO, Southeast Asian super app Grab shows us how a hyper-local go-to-market strategy helped them beat Uber. In 2011, Anthony Tang and Tan Hooi Ling took a $25K Harvard Business Plan award for their ride-hailing business idea…
Magento vs WooCommerce. Many merchants are asking themselves which option to choose as they seek out the best ecommerce platform. Here’s a side-by-side comparison of Magento vs WooCommerce to help you make up your mind. What are Magento and WooCommerce?…
Merchants must be able to offer and process the payment methods preferred by their customers. Businesses need to invest in payment processing services that address the expectations of their customers today and in the future. There are a number of…
What Do Payment Processing Companies Mean When They Say "Payment Stack?" Simply put, a payment stack is all the components needed to create an online payment solution. There's a variety of payment methods, processes and stakeholders required to create an…
Five options for top payment processors to access and accept transactions in Brazil. With over 211 million people, Brazil is the sixth most populous country in the world and the largest country across both Latin America and South America. This,…
Learn why fintech APIs are driving an explosion of new business models, and how you can leverage APIs to power innovation. Fintech APIs (application programming interfaces) are transforming an industry historically resistant to change. Their increasing adoption and use throughout…
B2B ecommerce owners are finding that digital commerce is just as critical or even more critical to them than to B2C companies. Today’s B2B buyers are more likely to educate themselves, find solutions and buy online. The global B2B eCommerce market…
Go global by presenting local payment options at checkout. Credit cards are one of the most popular payment methods for ecommerce, used in 41% of online transactions, most commonly in longstanding ecommerce markets, including Europe and the Americas. (Global Data)…
Unlock the full potential of these 8 APAC nations by understanding consumers’ preferred payment methods. Southeast Asia has emerged as the roaring lion of ecommece. Growing your business across these markets requires a deep understanding of international payment methods (Carlin)…
Magento is one of the top ecommerce platforms in the United States and increasingly around the world too. Nearly 200,000 websites use Magento and yours could be one of them. But, what is Magento? Magento is an ecommerce website platform…
From frequent flyer miles and box top vouchers, to stamp cards and points programs, customer loyalty programs have been around for decades. Although consumer shopping habits have changed over time, the concept of loyalty schemes remains the same: keep your…
Magento vs Shopify: It’s a choice many merchants wonder about when choosing between ecommerce platforms. Which is better to support your sales and revenue ambitions? Here’s a detailed look at what both platforms offer. What are Shopify and Magento? Shopify…
The cross-border payments landscape in Latin America. Accepting and sending cross-border payments in Latin America can be challenging for international merchants. Four of the world’s top 10 countries with the lowest bank account adoption are in Latin America and there…
Payment processing services have come a long way since the days of ‘cash or card?’. Here’s everything you need to know about accepting online payments. From credit cards to technologies like digital wallets and real-time bank transfers, these days consumers…
Omnichannel ecommerce and supply chain innovation. eCommerce has grown rapidly worldwide. In fact, from 2014 to 2020, it has seen a massive 220% growth rate. To date, this market is worth over $4.2 trillion and climbing. By 2024, the global…
Discover which of the top international Magento payment plugins is right for your business. Merchants looking to present a professional online presence have a wide range of ecommerce platforms to choose from, one of the best of which is Magento…
Here's How Businesses Can Navigate the B2B Payments Landscape. Most online payment processing solutions are built with B2C use cases in mind. However, while the B2C world spends roughly $2.8 trillion annually on ecommerce, it may surprise you to know…
How to choose the Magento payment gateway plugin you need to drive sales everywhere you do business. What Is a Payment Gateway? Payment Gateways allow merchants to accept credit card payments and other payment types online by collecting customer and…
How businesses can navigate the B2B payment methods landscape. Most online payment processing solutions are built with B2C use cases in mind. However, while the B2C world spends roughly $2.8 trillion annually on ecommerce, it may surprise you to know…
Using the Rapyd API to Create Your First Customer Now more than ever, businesses are looking to rapidly grow and transform digitally to meet the demands of consumers, for more convenient, faster service. For about 85% of businesses (across all…
Discover the Popular eCommerce Trends and Online Payment Methods in Malaysia to See Why This Emerging Market is Poised for Growth. Malaysia is a hot destination for businesses looking to expand to emerging markets. Malaysia is the 35th largest market…
How financial businesses of all sizes work together to promote infrastructural growth in the global digital economy. The worldwide online marketplace is buzzing with activity and always on the search for new opportunities to grow and improve the lives of…
South Africa is Rapidly Digitizing, So Are Its Economy and Payment Methods. Here Are South Africa's Top Payment Methods. Selling directly to consumers and accepting B2B payments in South Africa requires a deep understanding of South Africa’s top payment methods…
Here's what payment pros need to know and how payment orchestration can benefit you. Payment orchestration platforms (POPs) provide a single technical framework that triggers, directs and validates all transactions between merchants, customers and payment providers. Payment orchestration covers every…
eCommerce is Primed to Prosper in the Philippines The Philippines is one of Asia’s most exciting and dynamic countries. In a population of almost 110 million people, about 60 million people are connected to the internet (World Factbook). Given the…
The B2B Cross-Border Market is Growing – Is Your Business Ready? The global cross-border business payments landscape is complex. Businesses looking to grow international sales must strive to offer customers a frictionless experience. More global business buyers than ever are…
Hvernig má gera kaupferlið á netinu skilvirkara? Þökk sé bættri tækni, tengingum og þægindum er áætlað að meira en helmingur kaupa á netinu muni koma frá símum árið 2021. (Rapyd) Til að mynda munu neytendur verja meiri tíma í að…
Hvernig munu greiðslur í netverslunum breytast 2022. Að byrja með netverslun hefur aldrei verið auðveldara, þökk sé netverslanakerfum á borð við Shopify, Magento, WooCommerce og Wix. Fyrirtæki og frumkvöðlar geta nú byggt upp netverslanir sínar innan nokkurra klukkustunda en alþjóðlegt…
Your guide to capitalizing on the growing Latin American ecommerce market by offering local payment methods. Accepting cross-border payments in Latin America means understanding the market, so merchants looking to trade in the region should ensure they approach it in…
Discover the local and global payment methods preferred by Japanese consumers. Japan is a densely populated nation of 126.8 million citizens, often touted as the mecca of technological innovation. (JP Morgan) It may come as a surprise that Japan has…
The benefits of adopting microservices over monolithic application development. Microservices is used a lot when talking about building applications, especially when most new applications are developed and hosted using cloud technologies. But why is this style of application architecture gaining…
A super app unifies many different app functions into one easy user experience. Super apps offer a service ecosystem, with countless ‘mini app services’ integrated together. Many of these apps began as ride-hailing, service, or social media apps and then…
Merchants must understand that the UK payments market is in a state of flux – and learn how to leverage this for eCommerce sales. This blog covers trends up to 2022. Looking for the most recent data? Read our latest…
Use our comprehensive guide to select the best ecommerce solution for your business needs. Choosing the best B2C ecommerce platform to grow online sales is a key decision for a merchant. It's hard to choose between the skyrocketing number of…
By Erez Morabia At the recent annual Agile conference Beyond Agile Israel 2021, I talked about some of the glorious misuses of agile practices I had witnessed in my 7 years of experience as an Agile coach. In this post, I…
4 Key Benefits of Payment-as-a-Service Platforms As the global economy becomes increasingly connected, business owners everywhere cannot afford for their payments systems to lag behind. More complex compliance demands, along with evolving consumer behaviors and increased instances of fraud all…
Thailand is on the verge of an ecommerce boom – are you ready to capitalize on it? Thailand is a lucrative and exciting market, with a tech-savvy population that frequently uses mobile payment systems. For the merchant looking to scale…
B2B companies must embrace omnichannel sales. Here's how to make it happen. It’s clear omnichannel B2B commerce needs to become faster and smoother for business buyers. The speed and convenience of consumer commerce have reshaped expectations, thanks to almost blanket…
ISO 20022 explained: What is ISO 20222 and why does it matter? ISO 20022 is becoming the global common standard for data-rich financial messaging. Over the next few years, it will become the financial messaging standard for banks and the…
Looking at the Components of a Subscriptions API With the rise of the subscription payment model, more developers are looking to subscription APIs to build and grow their business. Subscription business models are effective ways for companies to retain customers…
Rapyd provides Magento users with a sophisticated global ecommerce payment solution. Need a Magento Payment Solutions to accept local payment methods worldwide? Get the most from your ecommerce store with Rapyd’s comprehensive payments extension for Magento. Rapyd provides a single…
See how headless commerce functionality enables your business to optimize ecommerce experiences faster, more cost-effectively and with greater personalization. Today, online shopping has become ubiquitous, which makes the path to purchase increasingly more complex given the variety of new devices…
Create a better customer experience across every touchpoint. Consumers can now use as many as six different touch-points when buying a product and 90 percent say they have high expectations for omnichannel commerce experiences. – CX Today What Is Omnichannel…
Fintech as a Service is revolutionizing B2B marketplaces with a wide range of innovations. These innovations include improvements for global payments, seller identity verification, fraud monitoring, compliance and even prepaid card issuing. With the growing expansion of global commerce, B2B…
Download the Rapyd Postman Collection to test API functionality in seconds. Tick-tock Evaluating APIs should take minutes not hours and one popular tool developers rely on is the API testing and REST client, Postman. When it comes to REST over…
Here's how to expand your business with subscription-based, recurring payment models. As technology evolves, so do the ways consumers access content. People are no longer limited to one-time purchases; we now have more opportunities to partake of recurring, subscription-based goods…
What you need to know to thrive in the world of B2B ecommerce. The pandemic made it very obvious that having the tools and capabilities to sell online is essential for businesses regardless of if they are B2B or B2C…
SMBs have a host of benefits to enjoy from adopting as wide a variety of payment methods as possible. Ultimately, any way you can serve the customer better is going to drive your sales and encourage your growth. If you're…
These 9 strategies help you to combat criminal fraud, merchant errors, friendly fraud and intentional consumer chargeback fraud Chargebacks will cost eCommerce $33.79B in 2025, projected to hit $41.69B by 2028. The financial hit goes well beyond the original transaction:…
With the rise of cross-border ecommerce, more Devs are turning to Python as their language of choice. Going global is becoming increasingly complicated for eCom devs. Cross-border commerce by its very nature dictates that you need to bring multiple disparate…
How brands are using visual search to optimize customer experiences. What is Visual Search? Visual search allows people to search using images as opposed to text. With a photograph that they have taken, or found online or on social media,…
How financial businesses of all sizes work together to promote infrastructural growth in the global digital economy. The worldwide online marketplace is buzzing with activity and always on the search for new opportunities to grow and improve the lives of…
Understand the impact of Brexit on selling and accepting payments in the UK. If you have a global ecommerce business, UK payments will probably be impacted by Brexit. Although the vote that decided the UK’s departure from Europe took place…
Rapyd Provides Magento Users with Sophisticated Global eCommerce Payment Solutions Need a Magento Payment Solutions to accept local payment methods worldwide? Get the most from your ecommerce store with Rapyd’s comprehensive payments extension for Magento. Rapyd provides a single integration…
What is Card Issuing? Card issuing is the process of enabling businesses to issue credit, debit or pre-paid cards to their customers either in the form of physical or virtual cards. The reason why many organizations look into how to…
How financial businesses of all sizes work together to promote infrastructural growth in the global digital economy. The worldwide online marketplace is buzzing with activity and always on the search for new opportunities to grow and improve the lives of…
How ecommerce payments will change in 2022. Starting an ecommerce company has never been easier thanks to ecommerce platforms like Shopify, WooCommerce, and Wix. Companies and entrepreneurs can now build their online stores in a matter of hours. At the…
What is card issuing? Card issuing is the process of enabling businesses to issue credit, debit or pre-paid cards to their customers either in the form of physical or virtual cards. The reason why many organizations look into how to…
Adjust existing rewards programs and learn how to create new programs that succeed in the Latin American market. As payment method trends in the LATAM Market continue to evolve toward mobile money and contactless payments, trying to impose the old…
The last three years have been an incredible ride for Rapyd. In this short period, we’ve established ourselves as a global fintech player, created the Fintech as a Service category and scaled our business across the globe - all as…
Check Out Interviews and Insights from the Singapore FinTech Festival The 2020 Singapore FinTech Festival grew into a global phenomenon, with 40+ events in Fintech Hubs around the world and 5 days of 24/7 online engagement. Rapyd was proud to…
Rapyd commissioned Forrester Consulting to survey customers and discover the Rapyd ROI. If you want to do business globally, you will need a fintech partner that enables you to embed local payment methods and financial services beyond just credit cards…
Arik shares his lessons learned in 2020 and how to survive and thrive in 2021. 2020 was a tough year for businesses across industries and around the world. Everyone has faced exceptional challenges and we have had to completely change…
Here’s how to choose the best fraud management software for your company. There’s a reason companies are seeking out the best fraud management systems right now. 2020 saw a massive increase in year-over-year ecommerce sales worldwide. According to an analysis…
Inspiring ways businesses are using PWAs to reach and engage users. Mobile websites are fast, easy and inexpensive to produce, however, the user experience is not as good as that of a mobile app. Developing and maintaining a mobile app…
Do you know the best ecommerce payment methods for growing sales with your shoppers? Here’s how your global audience prefers to pay. The best ecommerce payment methods to offer in your online store often depends on the location of your…
Here's how to use shoppable content to move customers from browsing to buying. Thanks to improved technology, connectivity and convenience, more ecommerce purchases than ever are being made on mobile. Consumers are spending more time watching videos and scrolling through…
Understand the Biggest Threats and Strategies to Protect your Business from Fraud in 2022. Companies and consumers are increasingly moving online and adapting how we work, make purchases and even socialize. Unfortunately, fraudsters are successfully taking advantage of our ever…
Gain an advantage in any market by enabling different payment methods to meet customer needs and preferences. eCommerce continues to explode around the world in popularity and necessity, and the need for businesses to reach a global consumer audience is…
How to add local and alternative payment options for Wix. If you’re using Wix for ecommerce and want to reach customers across borders, you need a strategy that goes beyond credit card payments alone. Instead, you must offer options for…
Look for Payment Processing Software with These Features To Power eCommerce Growth Having great payment processing software will be critical to merchants who wish to capitalize on the global ecommerce market, which is projected to be worth $5 trillion in…
Instant Payout Solutions for Marketplaces and the Gig Economy In a business climate where workers, sellers and contracts aren’t always local, figuring out the best way to make payouts isn’t easy. For businesses working in the gig economy and marketplaces,…
Localize Payments to Reach More Customers Nearly 88% of merchants consider international sales essential to their long-term growth. Yet only 35% of ecommerce leaders feel fully prepared to handle international transactions. (Visa) To reach new markets, businesses need to make…
Merchants Need to Prioritize International eCommerce Fraud Protection Overall retail fraud attempts have more than tripled since 2017. With the rise in international commerce, merchants are increasingly selling cross-border, which brings lucrative sales opportunities, but also increases their exposure to…
FinTech Magazine has Named Rapyd a Best Payment Processor on Their Top 10 Payment Companies List According to FinTech, Rapyd was included because we are “allowing consumers to access one of the world’s largest payment networks featuring over 900 locally-preferred…
How COVID-19 Changed Payment Processing and How eCommerce Businesses can Successfully Adapt So many things have changed this year thanks to the COVID-19 pandemic. Consumers’ needs and expectations are drastically different and businesses need to evaluate their payment processing services…
It is absolutely no surprise that consumers are more focused on online shopping than ever before due to the outbreak of COVID-19. The exponential growth in online shopping and reliance on digital payment methods has made it vital for SMBs…
What You Should Know When Exploring eWallet Payment Solutions Globally, digital wallet payment method adoption is projected to exceed 1.3 billion consumers by 2021, with Asia Pacific and some European markets leading the way. (Fintech News) Smartphones are now…
Protect Your Business While Providing a Great Experience for Customers Worldwide After having more than doubled from 2011 to 2018, global card fraud losses are projected to reach over $40 billion by 2027. (Nilson) Fraud management is a crucial part…
Have you ever wondered how your card payments are processed? Below outlines the steps involved in processing card payments during a transaction. When you pay for a purchase using your card, it appears as though the transaction happens almost instantly after…
Global Digitization for US Based Companies Is Full of Challenges but Payments Doesn't Have to Be One of Them. Digitization is a vital part of business continuity, even more than new offerings or service expansions. And while global expansion can…
Far More than a Security Measure, Tokenization Opens the Door to Unique, Speedy and Hassle-Free Checkout Experiences Security isn’t the only benefit of tokenization. This technology also provides a way to improve customer experiences and power omnichannel payment innovations that…
Subscriptions and Recurring Billing are Transforming Business Models Across Industries Across all businesses, subscription payment models are changing how consumers read, listen to music, manage their fitness, watch television and so much more. What is behind this trend and why…
eCommerce Merchants Need Cash Acceptance beyond Oxxo Payments at More Convenient Locations Only 37 percent of Mexicans have a bank account. (Center for Global Development et al.) With ecommerce surging in popularity, partially due to the COVID-19 pandemic, the ability…
A Guide to the ACH How does an Automated Clearing House work? The Automated Clearing House (ACH) system is a network of financial institutions that facilitates transactions between bank accounts. Managed by the National Automated Clearing House Association (NACHA), the…
The Challenge of Cross-Border eCommerce There is nothing that strikes more fear (and frustration) into an ecommerce manager’s heart than discovering that a big portion of their hard-won visitors jumped ship right before completing the sale. As more businesses are…
Accept Local Payment Methods in Shopify with the Rapyd Shopify Payments Plugin The ecommerce platform Shopify is an excellent choice for businesses looking to sell internationally and boost their global trade. While Shopify offers its own payment solution, you can…
Consumers’ Pandemic-Related Aversion to Cash and Coins has Fundamentally Shifted Global Payment Preferences According to Rapyd’s research, in 2020, consumers formed new preferences for payment methods that don’t make them touch card readers, manually key PINs, touch device screens, or…
Here's Your Easy-to-Understand Guide to Using and Implementing 3D Secure 3D Secure is an advanced authentication layer. It stops the unauthorized use of cards and protects and minimizes the fraud risk for eCommerce merchants and issuers. 3DS allows for card…
Your Guide to Growing Cross-Border Sales, Increasing Cart Conversions and Successfully Navigating the South Korea Payment System With over 80% of its population using the internet,1 South Korea is the third-largest retail ecommerce market in APAC following China and Japan…
Here’s how a credit card payment processing framework can maximise your transaction approval rates Credit card payments continue to grow. Retail and ecommerce volumes have already quadrupled over the past decade with digital card payments leading the charge. This surge…
Australian online purchases soared by more than 85 percent in August, compared to the same time last year1 Australia Post, which is hiring more than 4000 extra staff to keep up with demand, delivered to eight million households between March…
Accept Local Payment Methods in WooCommerce from 100+ Countries with the Rapyd Payments Plugin If you’re looking to grow your business’s reach across international markets, adding custom payment methods in WooCommerce is an important step. The Rapyd Payments Plugin for…
Understanding PCI compliance is essential for any business that accepts card payments, but what is PCI Compliance? PCI DSS (Payment Card Industry Data Security Standard) is a set of standards established by the PCI Security Standards Council with the aim…
Brazilian Payment Preferences Driving Sales For Online Merchants Analysts have long eyed Brazil for its potential to host a Latin American ecommerce boom. Brazil is showing signs it can deliver on this promise by reforming its financial sector to create…
Select the Right Solution to Drive Digital Transformation B2B customers increasingly expect the same benefits they enjoy when making online purchases in a B2C context. According to a recent article in the Drum, “With customers’ growing familiarity with technology and…
Choose the Best Gateway for Accepting Credit Card Payments in Europe Merchants looking to expand into Europe need to offer customers the methods of payment that they prefer and trust. Although each country displays its own unique preferences and behaviors,…
Xero Is Cloud-Based Accounting Software Designed for Small Businesses Xero offers a range of business finance functions like accounts payable and accounts receivable. It has its own mobile app (Xero Touch) and uses real-time data to allow for up-to-date accounts…
Worldpay Is a Merchant Services and Payment Processing Provider Offering a Payment Gateway for Online Transactions The company is now known as ‘Worldpay from FIS’ since its acquisition. They are a leading global payments technology business with over 30 years…
Stripe is an online payment platform Stripe processes both card payments and ACH (Automated Clearing House) payments. Pricing is done on a pay-as-you-go basis, with a fee taken from each individual payment transaction. Stripe is headquartered in San Francisco. In…
Square Is a Mobile Payment Processing and Card Reader Company Square lets merchants accept credit and debit card payments at their premises, as well as online and via mobile apps. Square offers a number of merchant solutions including: Point-of-sale payment…
Shopify Is a Cloud-Based eCommerce Platform For a monthly fee merchants can set up their own online store using one of many templates than can be used as is or customized, depending on the user’s skill level. Shopify was founded…
Paypal Is an Online Payment Service that Lets Users Send and Receive Money Once They Sign Up for an Account Users can hold either a personal or a business account, and payments are made either using the other party’s PayPal…
A Digital Wallet that Lets Users Pay Via Their Smartphones Google Pay can be used in person as a NFC (near field communication) contactless payment method, for online transactions and app payments and for sending money peer-to-peer. To set it…
Amazon Pay Is an Online Payment Method that Lets Users Pay Using the Payment Details They Already Have Stored in Their Amazon Account With Amazon Pay, there’s no requirement for users to sign up if they are already an Amazon…
Adyen is a Dutch Payments Company that Provides Card Processing and Point-of-Sales (POS) Systems to Merchants Adyen supports a number of different payment methods such as credit and debit cards, eWallets, and local payment methods. Merchants can use a number…
Only 18.4% of the World’s Population Has a Credit Card1 For organizations selling globally, the ability to accept local payment methods is crucial. Different payment types are popular in different parts of the world, and accepting them means easier and…
Pay Attention to the Fastest Growing Area of eCommerce When it comes to ecommerce, mobile is the place to be and effective in-app payment solutions are critical to success. Not only is mobile experiencing the fastest growth rates, but it…
Turn your "good enough" payment gateway into a revenue engine with smart provider selection, authorisation optimisation and operational excellence strategies Most payment teams settle for "good enough" with their gateway. Truth is, you're probably losing money without even knowing it…
Life moves fast and business even moves faster in the B2B eCommerce world. Speed is so key that 86% of B2B buyers prefer using self-service platforms to talking with a sales rep (McKinsey). That’s why companies need robust ecommerce platforms…
The payments landscape is evolving because of fintech advances and the ever-shifting sands of consumer habits. From COVID creating an uptick towards contactless payments by customers, to voice commerce on devices like Alexa — here’s five payment trends to watch…
See how cross-border payouts power global marketplace success Understanding cross-border payout mechanics and selecting modern infrastructure converts fragmented processes into competitive advantages. When you can settle payouts faster and more reliably than competitors, you attract higher-quality sellers and expand into…
COVID-19 Wasn’t the Only Thing Shaking Up the World of B2B eCommerce B2B ecommerce is growing nine times faster than all U.S. manufacturing and distributor/wholesaler sales.1 Broad factors are at play above and beyond the impacts of the virus. The…
Your Guide to B2B Payments Explained. The B2B payment landscape is evolving rapidly. As more businesses shift to digital selling, it’s important for merchants to understand the B2B payments ecosystem and its challenges and opportunities. With digital transformation ramping up,…
Secure Payment Processes: The Cornerstone to Protecting Valuable Business and Customer Data As the number of transactions, customers and payment methods used online and in-store increases, merchants need to protect their businesses and their customers with secure payment processing. Cybercriminals…
What Is eCommerce Live Stream? In 2020 ecommerce live stream sales now account for 4% of total online retail sales in China and about 1% of total retail sales.1 These ‘infomercials rebooted’ are a form of online browsing and buying…
Personalizing Your eCommerce Payments Process Is Key By personalizing your customers' ecommerce payments experience and rethinking key elements of the checkout process, you can optimize sales conversion rates and create a friendlier and easier-to-use experience for your shoppers. One Size…
For eCommerce Success, Give Your Customers What They Want A bedrock truism for business success is to “give the customer what they want.” This idea definitely applies when it comes to choosing the best international online payment system. In fact,…
Drive International Success with Local Payments Businesses are no longer limited by physical borders. Understanding customers’ payment preferences and offering local payment methods creates an optimal checkout experience that increases sales. This guide looks at how culture, behavior and available…
Startups Must Improve Their Digital Payout Abilities to Attract the Best Global Talent High performers are 400% more productive than average workers according to a recent study of more than 600,000 professionals.1 For startups, that’s a productivity statistic that shows…
For European Merchants, It’s Time to Embrace a “Cards Plus” Strategy for Online Payment Methods When it comes to modern ecommerce and European payment methods, more is more. Cookie-cutter approaches that offer a limited number of payment options for ecommerce…
Mobile payments are fueling a lifestyle and eCommerce revolution – is your company ready? Every day, shoppers around the world are choosing to pay for their items with mobile devices in their hands instead of the cash and credit cards…
Need to Improving B2B Cash Flow? Here Are the Pros and Cons of Early Payment Discounts and an Alternative Most Businesses Overlook It is impossible to overstate the importance of strong cash flow to the health of a B2B business…
Local Payments Are Becoming One of the Top Digital Transformation Trends in Retail in 2020 Since the COVID-19 pandemic, business models for retailers and e-tailers have changed overnight. In response, businesses must adopt digital transformation strategies that improve their ability…
Rapyd conducted a survey online in August 2020 to determine how the COVID-19 pandemic had impacted US consumers’ preferences for cash and digital payments. We found that consumers are more eager than ever for merchants to adopt digital payment methods…
The Power of Local Payments In A Global Market eCommerce isn’t just becoming more global, it’s also becoming more local than ever before. Your company’s website is an essential place to both localize the shopping experience and optimize the checkout…
Understand and Simplify Payment Compliance to Protect Your Business and Customers With the surge in global eCommerce, it's more imperative than ever for online businesses to protect their revenue, reputation and customers. It's important to understand payment processing compliance, but…
Can I offer card payments to my customers if I have a mobile business? In this day and age, more and more customers expect to be able to pay for their goods via a credit or debit card issued by…
First introduced in 2007, contactless payments have since become one of the most popular payment types If you’ve ever wondered how contactless payments are made; payments via contactless are made by tapping your contactless card or device over a contactless…
Offering Local Payment Methods Online Helps Merchants and Marketplaces Stand Out The world is experiencing a tectonic shift in how people live, work and shop — with businesses across the globe scrambling to adapt. In this tough climate, businesses with…
Businesses Need to Accept Local Payment Methods in India to Meet Consumer Preferences To secure a foothold in the $36.5 billion1 Indian ecommerce market, digital commerce leaders need to offer a range of payment options. Even before the offline-to-online shift…
Mexico’s Payment Methods that Local and Cross-Border Merchants Can’t Overlook. With 127 million1 inhabitants, Mexico is the 10th most populous country in the world—and many of those people still haven't fully embraced online shopping. But with an annual growth rate…
India is home to the highest consumer ecommerce growth rate in the world.1 This market has seen explosive adoption of digital money and smartphones over the last five years2 and the Covid-19 pandemic has further accelerated this trend. The government…
Understand payment preferences, regulatory frameworks and FX strategy to succeed in Mexico Mexico's digital payment market transaction value is projected to reach USD 114.40 billion in 2025 and is expected to grow at a compound annual growth rate (CAGR) of…
As an international B2B business, your ability to accept and make commercial payments can be a growth-limiting factor. The B2B payments industry is fragmented, making it hard for businesses to access the payment capabilities they need with seamless, cohesive user…
Companies that Traditionally Relied on Cards Must Accept Mobile Payments or Risk Being Left Behind US consumers are more eager than ever for merchants to accept mobile payments, ewallets and other alternative payment methods. Merchants that enable customers to pay…
France is one of Europe's top online markets for fashion. French consumers favor credit cards, though their preferred payment methods vary based on what they're buying. Any company expanding into France should be prepared to offer all preferred local payment…
For marketplaces looking to receive payment from customers or pay their sellers locally or overseas, the ability to easily collect and disburse funds in your user’s preferred method is a constant challenge. With global growth comes new regulatory, compliance and…
Ecommerce is alive and growing in the U.K.1 Even as physical stores shuttered during the pandemic, ecommerce has gone on to take its largest-ever share of retail spending—22.3% of all sales, according to trade magazine Internet Retailing (1). The U.K…
Opportunity abounds in Eastern Europe for ecommerce merchants who adapt their sites to local ecommerce and payment norms. The idea of Central and Eastern Europe (CEE) as a cohesive region is a misnomer. In many ways, the only similarities shared…
Meet the Innovators Transforming Fitness and Get Tips for How You Can Too The global digital fitness market will be valued at almost $30 billion by 20221. Digital fitness companies around the globe are growing by offering on-demand content services…
Platforms that Don’t Offer Real-Time Payments are at Risk of Losing their Sellers and Gig-Workers. Globally, 85% percent of gig economy workers would work more often if they could get paid faster, according to a recent analysis by PYMNTS.com.1 Gig…
Global cross-border shopping will make up 17% of ecommerce by 2023, with sales of $736 billion globally, according to an eShopWorld report1. Given these estimates, global cross-border ecommerce opens up significant growth potential for businesses. Four billion people have the…
Sending Remittances Overseas Looks Very Different Today than It Did a Few Months Ago As COVID-19 restrictions persist around the world, international remittance companies have had to adjust. For years many people have relied on using cash to fund remittances…
This is the third in a series on the impact of COVID-19 on the digital economy. For more, please read Defying the COVID Economy: These Industries Thrive During the Economic Downturn There’s no denying that the COVID-19 pandemic has done…
This is the second in a series on the impact of COVID-19 on the digital economy. For more, please read Defying the COVID Economy: These Industries Thrive During the Economic Downturn The economic damage caused by the COVID-19 pandemic has…
The COVID-19 pandemic has made ecommerce an even more entrenched part of how we shop, buy and access products for daily needs. This effect is felt most in fast-growing ecommerce markets that were already experiencing large-scale shifts in consumer behaviors…
According to Gartner, “Application leaders responsible for payments can optimize customer experience and save time and money by asking payment vendors 12 key questions.1” Consumers are increasingly demanding frictionless, fast and easy online payment experiences. Current global conditions have accelerated…
The COVID-19 pandemic has disrupted the global economy in startling ways. In the U.S. alone, nearly 17 million new people filed for unemployment in a three week period, and first-time claims have gone up 3,000% since early March. As a…
We are entering the fourth industrial revolution1: artificial intelligence, robotics, and connected societies are powering new businesses that leverage the broader opportunities of the diverse, global workforce. Platform, marketplace, and gig-economy business models are taking advantage of workers and supply…
eCommerce shopping cart abandonment is roughly 70%, according to an analysis by the Baymard Institute. The good news is that many of the factors driving customers away are entirely in your control. For instance, 34% of shoppers abandoned checkout when…
With the global COVID-19 Pandemic impacting every industry, innovative ecommerce leaders are looking for ways to grow while meeting consumers’ rapidly changing needs. Many digital content and digital subscription companies are seeing a global increase in demand and are eyeing…
Rise of Super Apps: The Next Wave Will Be Led by Innovators Who Integrate Fintech into Applications Marketplaces, social media apps, and gig-economy platforms in Asia are adding fintech to their offerings to create new sources of revenue and take…
The island nation of Indonesia is home to more than 200 ethnic groups1. With the world’s fourth-largest population and a GDP of over $1 trillion2, this archipelagic country boasts the biggest economy in Southeast Asia – a region brimming with…
Understand Brazil’s payment preferences, regulatory frameworks and settlement rules to succeed in the region's largest ecommerce market Brazil enters 2025 as Latin America's largest digital economy. With 76% of Brazilians now using instant payment rails and mobile transactions dominating consumer…
For the most recent data on how Germany preferres to pay and be paid read: ECOMMERCE AND PAYMENT TRENDS: GERMANY Germany can be a challenging market for international ecommerce companies. It’s citizens favor German-made products — due in part to…
The spread of the Coronavirus (COVID-19) has caused the World Health Organization to increase its risk impact alert from “high” to “very high.” This should serve as a reality check for businesses to get ready. According to Reuters, the brakes…
Payment fraud is a global problem. In Europe's single Euro payments area (SEPA), annual losses owing to card fraud are approaching €2 billion. Across the Atlantic, the United States' Federal Trade Commission says it collected 1.4 billion fraud reports in…
eCommerce sales ballooned to 691 billion1 Euros across Europe in 2019. While Europeans are united in their growing adoption of ecommerce, their preferences vary wildly when it comes to how they like to pay. European consumers demand trusted local payment…
When businesses seek fast-growing markets, they often think of Asia. But Latin America is a compelling choice for businesses with the know-how to meet local consumer payment preferences. Economic volatility and political unrest in countries, like Venezuela, tend to dominate…
A boom in local payment methods over the past decade has led to much talk of a cashless future, but digital businesses that avoid cash are missing out on a massive market opportunity. According to the World Cash Report by…
If you’re processing recurring payments or disbursements in the US, your most reliable, consistent and cost-effective option remains ACH. But not all ACH solutions are created equal. The Automated Clearing House (ACH) system is simply the most prolific payment network…
The Asia-Pacific region accounts for nearly two-thirds of global transactions. To successfully tap into this market, ecommerce leaders must look beyond cards and popular ewallets like Alipay and WeChat Pay. “Too often, merchants and retailers enter APAC thinking that offering…
For ecommerce companies, marketplaces, and gig-economy platforms looking to expand in Asia, few countries compete with Singapore's combination of affluent consumers and digital infrastructure. Digital adoption and usage among Singapore’s citizens and government efforts to transition to a cashless economy…
Alternative payment methods, also known as local payment methods, cover many payment types around the world that don’t rely on debit cards or credit cards (Visa, Mastercard, Indian Rupay, or China UnionPay, etc.) It’s important to remember that payment preferences…
While the United Kingdom may not be quite as big on the tipping culture as other countries, such as the USA, there’s no doubt that tipping has become ingrained in our ‘dining out’ experience. UK consumers use tipping to show…
How a fractured fintech ecosystem inspired Rapyd to create Fintech as a Service (FaaS). By Arik Shtilman and the Rapyd Team In what now feels like another lifetime, my co-founders and I learned firsthand just how difficult it can be…
Digitization Is Transforming the International Money Transfer Market The remittance business looks unusual on paper – it requires highly regulated licenses, expensive processing fees, and is usually based on small individual transfers. And yet, remittances came to a grand total…
As wearable payments are becoming increasingly important, retailers must consider the implications of this technology. But how does the wearable payment landscape look like right now? The growth of contactless card usage as well as the slow, steady rise of…
Global eCommerce sales are on track to hit 4.13 trillion USD by 2020, driven by transactions from more than 2.1 billion buyers around the world. While most top-tier markets like North America and the UK are relatively consistent when it…
Hospitality is changing every day. As we embrace newer and more advanced technologies, the way we shop, book holidays and do just about everything else has changed. With digital now ruling supreme over just about every aspect of our lives,…
The After Payment Emotional Experience (APEX) of customers is influenced by a lot of things, including marketing, returns, refunds, and complaints. When it comes to returns, many retailers believe that they provide favourable terms and conditions, with 93% claiming that their…
Introducing card payments technology into the business Operating across 11 branches in Dumfries and Galloway, Marchbank Bakers has built up credibility and a loyal customer base over their 61-year history. As a trusted local bakery, Marchbank listened to customers, and…
When it comes to marketing your business, social media offers an invaluable tool. A vital component in shaping your brand image, it’s not only a place where you can give your business a voice but somewhere that consumers can go…
Generation Z, the 18-25-year-olds, are more likely to take some form of action to actively influence others after a negative in-store or online experience. Our new report looks into the consumer experience before, during and after an in-store or online purchase…
Regulators around the world are leaving no stone unturned in a renewed effort to ensure anyone doing business across borders abides by Know Your Customer (KYC) guidelines, forcing merchants and payment facilitators to absorb the costs of more detailed customer…
Here's how UK online lenders can improve their experiences and grow their customer base. In 2018, the UK personal lending market exceeded £200b in size, the largest it’s been since 2008. In fact, personal lending is on the rise around…
The average customer will give a retailer 1.65 chances to deliver a great customer experience. Our new report also shows that over a third of all customers feel that retailers do not care about them after the payment. Most customers…
For any SME, it’s important to show your customers that you accept a range of payment types. With over half of the UK’s transactions taking place via a cashless method, it is vital that your business can fully capitalise on all…
It’s easy to imagine that once a transaction is complete, focus on customer service can fall away. In an age when consumers are far more retail-savvy and demanding, this is far from the case. Especially as they also have so…
Gig economy platforms like TaskRabbit and Lyft have made an explosive impact on the US labor market, but financial fragmentation challenges in overseas markets pose a threat to any ambitions they might have for international expansion. As the North American…
Massive amounts of money are channelled into attracting new customers to both online and bricks and mortar retail outlets. Yet it's widely reported that a fraction of that spend can reap a healthy return on investment when it comes to…
The world of business has loosened up in recent years, losing its rigid format. No longer does a person need to have a company name, registered head office, or even have fixed office premises in order to run their business…
Not everyone who visits your e-commerce website will buy from you. While this is to be expected, one of the best ways of analysing the performance of your website is to consider the amount of people who purchase compared to…
The UK's challenger banks have been snatching up market share for years, leading to massive funding packages and sky-high valuations. The excitement’s been enough to inspire a long list of hopefuls looking to claim their corner of the fintech renaissance,…
A recent study has declared that SMEs benefit 'massively' from accepting cashless payments from customers. According to the research, which was carried out by e-commerce giant ECC Köln, more than half of the businesses surveyed (53%) stated that they have…
The Asia-Pacific e-commerce market has seen explosive growth in recent years thanks to some of the highest consumer technology adoption rates in global history. However, merchants are already experiencing growing pains due to regional challenges. It’s estimated that APAC will…
Trying to get a foot hold – a toe hold, even – in the hospitality business can be hair-raising, scary and frustrating. It is also magical when all your hard work begins to pay off and your little business begins…
Biometrical data is becoming an increasingly frequent way to log into phones and tablets, due to it being quick and unique to each person. What's more, with the popularity of cashless payments exploding in the last couple of years thanks…
The convenience and effectiveness of e-commerce have made it a rapidly growing method of transaction globally. The constant technological advancements in online payments, coupled with developments in related areas such as financial technology (FinTech) have made it difficult to keep…
We are becoming an increasingly cashless society More and more people are utilising contactless card payments, which means fewer people carrying around physical cash to spend in stores. Therefore, any business that does not cater to people wanting to pay…
Strong customer authentication (SCA) Strong customer authentication (SCA) is a requirement of the EU Revised Directive on Payment Services (PSD2) on payment service providers within the European Economic Area. The SCA will take effect on 14 September 2019 and require…
Designed to improve fraud prevention Coming into force on the 14th September 2019, the Strong Customer Authentication (SCA) rules, part of the second Payment Service Directive (PSD2), are designed to improve fraud prevention methods and make online card payments safer for customers…
A digital age We are living in a digital age where people no longer carry cash or cheque books, and they expect to be able to make contactless payments wherever they go. But for small and medium-sized businesses (SMBs) and…
As with any new technology, when contactless readers and card payments came out there were many who were sceptical about whether contactless technology would be safe when compared to traditional chip and pin methods. Over the last few years, though,…
Bank cards are ever growing as a method of payment in the UK and it is predicted that by 2026, 60 million card transactions will take place in the UK daily. As fewer and fewer people carry physical cash, cards…
The future of chip & PIN technology centres around two main goals in payment processing: to be faster and to be more secure for customers. Many barriers in the way of making such technology faster and more secure have already…
Commercial enterprises can rarely establish a payment delivery platform alone. Here’s how Rapyd’s FinTech-as-a-service solution can help. It’s not easy for small businesses and e-commerce startups to find their footing in today’s digital payment ecosystem. Every FinTech company — from…
P2PE (Point to Point encryption) is a secure way to process POS payments. The moment the card is swiped, the P2PE system converts information into a code that’s unreadable to the observer. This means the business taking the payment never…
If you’re new to the world of taking card payments, then there’s a lot of terminology to get to grips with quickly. One common confusion is the difference between iPOS systems and ePOS systems. Both use card terminals and both can appear…
In 2016, payments made by chip & PIN cards overtook payments made by cash, showing that it is vital for all businesses to be able to accept credit or debit cards in order to properly trade. However, like all machines,…
Conversion is the bread and butter of eCommerce platforms. Without conversion, everything – your clever PPC campaign, your beautifully designed newsletter, your intuitive UX – has gone to waste. How can retailers improve their rates of conversion? Crucially, Rapyd’s answer…
The average shopping cart abandonment rate, according to Statista, is 69.1% across various niches. How can you boost your site’s basket conversion? Here are 8 ways you can encourage your customers to complete their purchases. 1. Prioritise security Most online…
Running a business can be incredibly challenging. These challenges are only increased when the business is just getting off the ground or is making its first significant expansion. Therefore, many entrepreneurs or owners of SMBs find themselves continuously absorbed in…