What Is MCC 7994? Merchant Category Code (MCC) 7994 is assigned to businesses that operate video game arcades and other similar entertainment establishments. This specific MCC is used by payment processors to categorise transactions for businesses that provide video game…
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…
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…
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…
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.
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…
If you run a small or medium-sized business, then you will need a merchant account in order to accept payments by credit or debit card. Why are merchant accounts important? A merchant account is not like a business bank account,…
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…
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…
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…
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…
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…
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.…
Before selecting a payment gateway provider, you’ll want to see if you’re in a Braintree-supported country. Braintree (aka Braintree Payment Solutions) Is an online payment processing platform. They are owned by PayPal and allow businesses to accept payments on their…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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).…
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…
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 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…
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…
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…
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…
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…
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…
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…
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…
Prepare for the coming wave of internet of things enabled payments. The IoT (internet of things) sector is growing by 15% every year, according to payments and banking analysts (Mercator Advisory Group). There are now more connected devices, like fridges,…
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…
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…
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…
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…
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…
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…
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…
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.…
How Do Credit Card Payments Work for Merchants? When most people think of credit card payment processing, they think of a card scheme, which is a payment network that uses cards, like Visa or Mastercard. But completing a successful credit…
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…
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…
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…
Braintree (Also Known as Braintree Payment Solutions) Is an Online Payment Processing Platform Braintree is owned by PayPal. However, Braintree accepts payment methods that PayPal does not. The list of Braintree solutions includes: Braintree Direct – Accept payments online with…
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…
COVID-19: A golden opportunity for SMBs? The COVID-19 outbreak has led to an explosion in online shopping. With high streets shut for months, and many bricks and mortar businesses unlikely to recover even after restrictions are lifted, online shopping is…
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.…
With More Business Taking Place Remote and Online, Your Ability to Send Payouts Is Just as Important as Your Ability to Accept Payments Today, many accounts payable departments rely on outdated systems and processes to make cross border payouts. By…
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…
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…
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…
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…
For the most recent guide to payment and payout methods and ecommerce trends in Mexico, check out our research from 2022. In Mexico, government programs are improving internet connectivity, driving the adoption of digital payment methods and growing smartphone use…
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…
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…
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…
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…
This article covers payment trends from 2019 and 2020. For the most recent research read: eCommerce and Payment Trends: Brazil Brazil offers ecommerce leaders lucrative opportunities in the largest eCommerce market in Latin America1. Understanding how Brazilian consumers engage in digital…
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…
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.…
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…