What Businesses Need to Know About the Regulatory Risks of Stablecoin Payments For years, the broader crypto space has been dominated by hype, hot takes, and speculation. Stablecoins, however, are now emerging as a reliable part of how businesses move…
Payment orchestration platforms can solve your routing complexity Sarah runs payment operations for a global marketplace. Every day, she juggles different acquirers, each with its own quirks across regions. In Turkey, one provider approves cards more often than its competitor,…
Transaction Lifecycle Management transforms how you handle every payment from checkout through dispute resolution Roughly fifteen in every 100 online card transactions are declined globally, leaving the authorisation rate hovering around 85%. Each lost percentage point drains revenue, distorts forecasts…
THE VELOCITY SHIFT WHAT’S INFLUENCING OUR PREDICTIONS THIS YEAR? Take a deep breath. We made it. The global inflation shocks of the early 20s have cooled, and the "soft landing" central bankers worldwide prayed for has largely been achieved. However,…
David Rosa, General Manager of the Scale Business Unit at Rapyd where he oversees Stablecoin, FX, Wallets and Payouts, was recently featured in the December 2025 edition of Fintech BoostUp magazine. While we recommend checking out the full digital magazine…
Strategies to Navigate Iceland’s Payment Landscape Iceland's payment market operates at the edge of cashless commerce. With cash representing just 2.3% of GDP, you're entering one of the world's most digitally powered payment ecosystems. The Central Bank recorded 79.8 billion…
Essential Strategies to Navigate Italy's Hybrid Payment Landscape Italy's €61.83 billion e-commerce market presents a compelling opportunity, but payment requirements differ significantly from other European markets. Your success depends on understanding Italy's unique hybrid payment culture, where digital adoption coexists…
Essential Strategies to Navigate Poland’s Payment Landscape Poland's payment landscape operates differently from other European markets. A domestically-developed mobile payment system called BLIK now contributes 1.2% to the country's national GDP: a level of penetration that rivals traditional card networks.…
Payment gateways like Rapyd help businesses seamlessly handle transactions across different platforms and currencies. Rapyd allows businesses to receive, manage, and disburse funds through a range of payment methods. Its flexible platform helps businesses simplify their financial setup and improve the customer experience.…
Navigate Cards, Wallets and Regulations for Successful Market Entry France's €95 billion e-commerce market presents a compelling opportunity for ambitious firms, but success requires understanding distinctly French payment dynamics. The country operates Europe's most significant domestic card scheme. French consumers…
Strategies for understanding local payment preferences, regulatory requirements and cultural expectations Germany's e-commerce market will reach USD 142 billion by 2029, growing at 7.13% annually. Around 83–84% of Germans own smartphones, and invoice payments remain popular, with many customers receiving…
Understand Argentina's payment methods, currency controls and consumer behaviour Argentina's digital economy is powered by near-universal mobile access and a payments landscape where 46% of online purchases already run through digital wallets. Four in five consumers now pay from their…
Learn and understand payment methods, currency rules and consumer behaviour in Chile Chile's payment landscape tells a compelling story. The country's $346-362 billion economy delivers one of Latin America's highest per capita incomes with steady 2.4% growth projected for 2025.…
Your business roadmap to consumer payment preferences and market entry strategies for the UK The UK has the world's third-largest e-commerce market and is projected to achieve 32% e-commerce penetration by 2029, up from 27% in 2024. This maintains its…
How Rapyd’s portals can be leveraged by partners to manage their merchant portfolio and by merchants to manage their payments. Every business building on Rapyd needs control and visibility into its payment operations and performance. Rapyd’s portals are the product…
How merchant funding is reshaping access to working capital Small and medium businesses consistently face significant survival challenges. A primary reason for business failure is frequently the lack of working capital, a need which merchants often undervalue. Inventory, staffing, equipment,…
Digital Assets Are Changing How Businesses Move Funds Globally The stablecoin market has hit a new milestone. In Q3, stablecoin retail payment volumes have continued to climb and are up 4% to $1.77 trillion. Though the total number of transactions…
Deploy these advanced AML strategies that detect complex money laundering patterns while building bulletproof compliance systems Every 24 hours, currency markets process around $6.6 - $8.4 trillion in trades—enough volume to hide almost any illicit transfer in plain sight. The…
You can break free from banking hours with stablecoin payments that settle instantly across any timezone Stablecoins have evolved from experimental tokens to a practical payment method. Their combined market value now exceeds $285 billion, with total transfer volume reaching…
Learn payment methods, currency rules and consumer behaviour in Colombia Colombia has raced ahead to become Latin America's third-largest economy. This is a territory that moved $52 billion in online sales during 2024 and is on track to reach $81…
Understand payment methods, settlement rules and consumer behaviour in Peru's mobile-first market Peru's economy keeps expanding, clocking 2.9% year-on-year growth in Q2 2025, its sixth straight quarterly increase. This solid macro backdrop comes with a payments revolution. Peru's membership in…
Here are practical stablecoin strategies to stop currency devaluation from eroding your cash reserves Emerging-market currencies have experienced double-digit declines against the dollar as capital has fled and policy rates have remained high, leaving bonds trailing their hard-currency peers. You…
Master AML and KYC requirements to speed up your account approval and start accepting payments faster You open the onboarding portal for a new payment provider and face a long list of document requests: passports, shareholder registers, website screenshots, even…
Stablecoins help Latin American finance teams pay contractors instantly while avoiding currency volatility and banking delays Stablecoins now represent 39% of all cryptocurrency activity across Latin America. Inflation explains why. Venezuela still wrestles with triple-digit rates above 150%. Every time…
Break free from payment complexity with stablecoin payments Stablecoins are digital currencies that maintain stable value, typically pegged to the US dollar. Unlike Bitcoin or other cryptocurrencies, which fluctuate wildly, stablecoins attempt to maintain a stable value of $1, making…
Help your EU business cut losses while maintaining high approval rates eCommerce fraud is getting more expensive every year. Global fraud losses jumped from $17.5 billion in 2020 to $44.3 billion in 2024 and are set to hit $107 billion…
Fraudsters can exploit returns to steal your products and manipulate payments Return policy abuse costs UK retailers $2.6 billion in losses annually, with marketplace operators bearing disproportionate losses as fraudsters exploit platform vulnerabilities and seller relationships. Unlike legitimate returns driven…
Payment network architecture can affect your authorisation rates and settlement performance When your payment gateway reports an X% authorisation decline, the problem often isn't your processor—it's the payment network infrastructure beneath it. You submit transaction requests through systems you never…
These AI-manufactured identities can fool your verification systems and disappear with massive transactions In early 2024, a finance employee at a UK engineering giant, Arup, transferred $25 million to criminals during a video conference featuring multiple AI-generated 'executives'—each a convincing…
Beat the 1% chargeback threshold and avoid MATCH listing in Europe's toughest regulatory landscape For merchants across the EU and UK, reversals can put your cash flow at risk, strain your acquirer relationships and invite regulatory scrutiny. Understanding how to…
A conversation with Francesc Altisent, VP of Product at Mangopay, on the evolution and future of digital wallets Digital wallets have come a long way from the early days of PayPal and SMS payments. Today, they're not just about consumer…
With partial authorisation, you can capture partial card balances to reduce abandonment and improve customer experience A shopper fills their basket with £2,847 of supplements. Their card limit falls £247 short. Under traditional all-or-nothing processing, the entire payment fails and…
The GENIUS Act changes the way stablecoins are regulated in the United States. Here’s what you need to know. Stablecoins now underpin more than $250 billion in on-chain value, yet until recently, there was no single federal rulebook for these…
Criminals can position themselves between your customers and competitors to generate guaranteed profits from stolen payment data UK Finance reports that remote purchase fraud cases jumped 22% in 2024, reaching nearly 2.6 million incidents with losses climbing 11% to just…
Types of account takeover attacks that your payment operations team must understand and prevent Imagine one of your most reliable customers—a seller with a spotless payment record—suddenly rerouting payouts to an unknown bank. Nothing in your dashboards looks abnormal because…
Turn unpredictable international payment chaos into strategic operational control Your €50,000 supplier payment to Germany should have been straightforward until you discovered it cost €237 in unexpected fees and arrived two days late, straining a crucial business relationship. If this…
How payment rail choice impacts settlement speed, costs and operations in the US ACH and wire transfers power the US payments landscape, processing trillions in transaction volume annually. These two distinct payment rails demonstrate different approaches to balancing cost, speed…
Rapyd’s growth story, from 250,000 merchants to market-defining acquisitions, shows how the company is building the infrastructure for global commerce Rapyd is scaling quickly as the payments partner of choice for merchants around the world. In a recent feature by…
Discover the hidden costs destroying your margins when customers dispute legitimate purchases. Friendly fraud can be a blind spot for payment operations. UK merchants alone are losing £128 million annually to customers disputing legitimate transactions they actually made. This article…
Build a checkout security that protects revenue instead of blocking legitimate sales The most successful marketplace platforms have discovered that security doesn't have to kill conversions. Rather than choosing between protection and performance, leading operators implement intelligent security frameworks that…
Understanding chargeback fundamentals and the four critical types can help you stop revenue loss before it starts With over £1 billion stolen through payment fraud in 2024 and global chargeback volume projected to hit £33.79 billion by 2025, understanding chargebacks…
A Superior Way to Send Cross Border Payments Cryptocurrencies have often been synonymous with wild price swings. But what if you could harness the power of blockchain and its efficiency, transparency, and security without the roller-coaster volatility? Enter stablecoins, a…
The programmable dollar is here, and it’s fundamentally changing how businesses move money across borders The programmable dollar is here, and it’s fundamentally changing how businesses move money across borders. If you're running a business that moves money internationally, you've…
Transform your checkout experience with click-to-pay purchasing that boosts conversions, reduces cart abandonment and increases customer lifetime value Roughly 70% of online baskets never reach the payment page and 22% of those abandonments happen because the checkout feels too complicated…
Master 30-45 day fund freezes, VAT complications and cross-border dispute timelines before they bankrupt your business Imagine watching £247K of confirmed sales disappear overnight. The money sits locked in a "temporary reversal" ledger entry you cannot touch. Your products have…
How payment professionals can evaluate provider models and choose a unified approach If you've ever managed cross-border payments, you know that a simple plan to expand to different new countries quickly becomes complex. Multiple banking relationships mean repeating the same…
How Rapyd’s payment applications can be leveraged to build a customised in-person checkout experience As commerce continues to evolve, merchants are seeking flexible, reliable, and scalable methods to accept payments. Not only online, but also in person. At Raypd, we’ve…
Payment processing APIs can drive higher authorisation rates and global expansion for your fast-growing digital businesses Digital commerce keeps stretching the limits of what your payment stack must handle. Analysts expect online transactions to cross the $8.5 trillion mark by…
Protect your revenue through precision fraud detection designed for high-opportunity platforms A fraud rules engine is an automated system that evaluates transactions against predefined business logic and risk parameters to identify potentially fraudulent activity in real-time. For businesses, the difference…
Multi-party fraud prevention tactics for your marketplace payment infrastructure Unlike single-merchant transactions, marketplaces face multi-party fraud schemes where criminals exploit seller accounts, manipulate commission structures and orchestrate coordinated buyer-seller schemes that can drain platform funds. Payment security breaches in marketplaces…
Leading stablecoins can deliver faster settlements and optimise your payment operations Stablecoins settled approximately $5.7 trillion in value in 2024—roughly $475 billion every month—volumes that now challenge giants like Visa, one of the world's biggest card networks. This gives payment…
Stablecoins are set to dominate cross-border payments. Here's what you need to know about this new currency, its stability and its risks What is Stablecoin Backing? Stablecoin backing is the pool of reserve assets, usually cash, treasuries or other highly…
Stop losing money to preventable disputes and reduce manual chargeback management across multiple systems. If you've managed marketplace payments, you know that accepting payments from buyers and paying sellers across borders quickly turns into chaos. Multiple payment processors mean chasing…
You can protect your business from Bank Identification Number testing fraud with a comprehensive blueprint More than £1 billion vanished through payment fraud in the UK in 2024. Behind this alarming spike lies a threat that most businesses fail to…
What Is a Bank Identification Number (BIN) And How Can They Help Prevent Payment Fraud? Bank Identification Numbers (BINs or Issuer Identification Numbers) are the first 6 to 8 digits on payment cards that support transaction intelligence. These digits direct…
What is MCC 7011: Lodging Hotels, Motels, and Resorts? MCC 7011 is the merchant category code (MCC) used by card networks like Visa and Mastercard to identify businesses offering short-term lodging to the public. This includes hotels, motels, resorts and…
What is MCC 5691: Men’s and Women’s Clothing Stores Merchant Category Code (MCC) 5691 is a four-digit classification used by payment processors, banks, and card networks to identify businesses whose primary activity is selling men’s and women’s clothing and accessories.…
Differences in transaction types impact your authorisation rates and fraud exposure UK issuers recorded £572.6 million in card fraud last year, with seven in ten pounds lost through card-not-present purchases—an 11% jump from 2023. If you manage payment operations, those…
How API-first payment infrastructure enables instant payouts, global expansion, and seamless user experiences across digital platforms. Embedded finance has moved from theory to reality, with examples everywhere. You've already experienced this shift when topping up a digital wallet, splitting a…
Effective payment reconciliation processes can prevent fraud, eliminate discrepancies and accelerate your month-end close Picture this: you're three days into your month-end close when your accountant discovers a £15,000 discrepancy between your payment processor reports and bank statements. Your international…
Knowledge about payment liability shift can protect your business revenue. Picture this: you approve what looks like a routine $500 sale. Three weeks later, you discover the cardholder’s credentials were stolen. Your bank reverses the funds, adds a chargeback fee…
Voided transaction clearing speed directly impacts your bottom line and customer satisfaction It's 4:47 PM on a Friday when a customer fires off an email demanding that a duplicate £2,400 charge vanish before Monday—or they'll broadcast the mishap on social…
Understanding AVS Mismatch helps you recover lost revenue from failed transactions Address verification failures are a real business risk that demands attention. Here are straightforward explanations of AVS mismatch errors, response-code tactics and advanced fraud controls you can implement today…
Cross-border trading can erode your profit margins through hidden costs. International regulatory paperwork, cross-border compliance complexities and multi-day delivery often create cash flow unpredictability. While your competitors leverage efficient payment processing solutions and quote prices with confidence, you absorb surprise…
Prevent payment failures from jeopardising your business 1. Understand Why Payments Fail Credit card payment failures occur when transactions get declined after customers input their payment details and attempt to complete their purchase. Understanding the root causes helps you address…
The trading platform revolution is reshaping user expectations. Online trading is changing beyond recognition. With mobile platforms attracting millions of new users and blockchain technology reshaping settlement infrastructure, the financial markets of 2025 look radically different from just five years…
Transform cryptic two-digit decline codes into actionable strategies for higher approval rates and better customer experience. European buyers keep seeing their cards declined. Each failed attempt surfaces as a cryptic two-digit bank response code—05, 91, 96—that most checkout dashboards simply…
Lengthy KYC verification can become a significant business bottleneck. KYC verification delays can halt your business operations when verification stretches into multiple weeks or months. Whether you're launching new payment capabilities, onboarding with a new processor or expanding into additional…
What is MCC 5814: Fast Food Restaurants? Merchant Category Code (MCC) 5814 is a code assigned by payment networks such as Visa, Mastercard, and American Express to identify and categorise fast food restaurants. Businesses classified under MCC 5814 are those…
What is MCC 4829: Money Orders – Wire Transfers? MCC 4829 is a merchant category code used by card networks and payment providers to identify businesses that handle money orders, wire transfers, and similar services. This classification supports accurate transaction…
What is MCC 8999: Professional Services, Not Elsewhere Classified Merchant Category Code (MCC) 8999 is a general-purpose classification used by payment networks to identify businesses that offer professional services not covered by more specific codes. If a business provides specialised…
These six proven methods can reduce fraud and transform security threats into competitive advantages. Gaming, a high-opportunity industry experiencing explosive growth, accounts for 55% of all first-party fraud incidents despite comprising only 15% of online transactions. Fraudsters target this industry…
Choose the right payment infrastructure for your business Payment professionals regularly evaluate whether to continue with direct gateway integrations or move to orchestration platforms that promise unified management and routing. This decision affects your technical architecture, operational complexity and ability…
What Is a Merchant ID Number? When you start accepting card payments, you'll quickly encounter a credit card processing essential: the merchant ID number. This unique 15-digit alphanumeric code comes from your acquirer or payment processor when you set up…
Address verification system technology (AVS) can help you catch fraudsters before they steal your money By 2030, Card-Not-Present (CNP) fraud is projected to reach an unbelievable $49 billion in global losses. As payments evolve, it remains a leading concern, with…
Understanding MCC 5818: Digital Goods – Multi-Category or Large Digital Goods Merchants Merchants who sell digital content across multiple formats fall under Merchant Category Code (MCC) 5818. This classification is designed for platforms that offer a broad range of digital…
What is MCC 5815: Digital Goods Audiovisual Media Including Books, Movies? Merchant Category Code (MCC) 5815 is a specific classification used by payment networks to identify businesses that sell digital goods, particularly audiovisual media such as books, movies, and music.…
Unlocking Higher Conversions and Authorisation Rates with AI When it comes to accepting online payments, authorisation matters. A secure payment gateway may make it easy to accept cards, but it takes much more to maximise approvals and reduce declines. For…
Batch payment processing can save your business time and money Administrative overhead compounds with volume. Processing 100 payments individually takes 10 times longer than processing 1000 payments together —your team capacity becomes the bottleneck that constrains business growth. Batch payment…
Cut Hours Of Manual Work with Automated Payments Manual payment processing slows down your business and puts you at a disadvantage. The difference between manual methods and automated processes like straight-through processing (STP) can determine your success. STP automates payments…
As digital payments continue to evolve, cryptocurrencies are carving out their place as an alternative to traditional payment methods. More businesses are jumping on board, recognising the potential for faster, more secure transactions with lower fees. As we move into…
Transforming Challenges Into Opportunities Cross-border payments have long been hindered by high costs, slow processing times and complex regulations. As global trade and digital commerce continue to grow, businesses face increasing pressure to improve the speed and reliability of their…
Stay Up to Date in iGaming by Monitoring These Trends The iGaming industry is rapidly changing due to emerging technologies, shifting player behaviours and expanding global reach. Trends like mobile-first gaming and AI-driven personalisation are transforming how platforms attract, retain…
Comprehensive chargeback code knowledge that prevents revenue loss Every business that accepts card payments will face chargebacks. However, understanding the specific reason codes behind each dispute determines whether you can successfully challenge them or need to accept the revenue loss.…
Explore the best options to send and accept payments in the travel industry. Cross-border payments remain a challenge in travel, with fees, delays and disconnected systems affecting both operators and customers. Traditional bank transfers can take several days to settle…
Swipe, Click or Key It In—Pick the payment tech that fits your business Choosing between a payment gateway and a virtual terminal is important when selecting the right payment processing solution. Payment gateways allow customers to enter their payment details…
Bank Redirects Are a Popular Form of Online Transaction; Here’s When to Use Them Bank redirect payments allow customers to complete purchases by logging into their online banking portal, authorising the payment, then returning to your site. This method offers…
Picking the Right Payment Partner Starts Here Businesses need to understand the difference between a merchant acquirer and a payment processor. TLDR — Merchant acquirers provide the merchant account and take on financial risk, while payment processors handle the technology…
This common type of fraud can be costly; here’s how to avoid it Friendly fraud costs global businesses over £97 billion annually, making it one of the most significant threats to modern commerce. This fraud occurs when actual customers dispute…
Uncover Where These Fees Come From and How To Reduce Them for Your Business A cross-border assessment fee is a surcharge applied by card networks when the bank that issued your customer's card operates in a different country than your…
Cross-Border Bank Transfers Can Be Complex. This Is Your Guide to Making Money Move Worldwide. Expanding your business globally can open the door to new markets, diverse customer bases and greater revenue potential. However, it also comes with real challenges—managing…
Payment Settlements Turn Sales into Usable Funds; Here’s Your Guide to the Process Payment settlement is the final step that converts a sale into funds in your account. Though it happens behind the scenes, it is vital for maintaining steady…
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…
Easily Manage Multiple Transactions with Batch Processing Batch payment processing has become an integral tool for businesses managing multiple transactions. This system allows companies to group numerous payments and process them together at set times, rather than handling each transaction…
Disputes With Customers Can Cause Issues and Disruptions; Here’s How to Resolve Them B2C payment disputes can disrupt your business, affecting both revenue and reputation. Whether you're running an eCommerce store or a larger financial institution, dealing with disputes efficiently…
Keep Revenue Flowing and Customers Content With These Strategies Payment failures are more common than businesses realise, leading to lost revenue and eroding customer trust. Every declined card, outdated detail or technical error means missed opportunities. This guide presents nine…
Reach new markets and achieve higher conversion rates. Mobile payment acceptance is essential for businesses seeking global reach and improved conversion. These solutions improve checkout experiences, expand customer reach and reduce processing costs. International businesses face challenges due to varied…
How payment fee structures affect your revenue and customer relationships Should you charge customers extra for using credit cards or only when they choose non-standard payment channels? This decision affects your profit margins, legal compliance and customer satisfaction in ways…
Learn about the role ARNs play in payment processing An Acquirer Reference Number (ARN) is a unique 23-digit code assigned to card transactions on networks like Visa and Mastercard. It serves as a universal identifier that tracks a payment’s journey…
Understanding MCC 6211: Security Brokers/Dealers Merchant Category Codes (MCCs) are identifiers in the payments ecosystem that help card networks and payment processors categorise businesses for transaction routing, risk management, and compliance. MCC 6211 designates Security Brokers and Dealers, a category…
Understanding Merchant Category Code (MCC) 5812: Eating Places and Restaurants Merchant Category Codes (MCCs) help acquirers, payment service providers, and card networks identify the nature of a business. MCC 5812 is the Merchant Category Code assigned to “Eating Places and…
The Future for ISOs and PayFacs Is Global Recently, I had the opportunity to speak with Cathy Beardsley, CEO of Segpay, a Rapyd partner and global payment processing platform that specializes in online credit card transactions for e-commerce and subscription-based…
Lower fees, faster settlement and 24/7 processing make stablecoin payments the smart choice for revenue-focused merchants Stablecoins have shifted from crypto curiosity to a payments powerhouse. On-chain transfers reached $27.6 trillion in 2024, overtaking Visa and Mastercard's combined volume by…
Learn the Common Pitfalls That Occur When Creating This Exchange. Launching a crypto exchange offers opportunities but comes with significant challenges. As the market grows, so does the complexity, from technical infrastructure to financial regulations. Building a successful platform demands…
Learn How and When to Use Each Type of Infrastructure. Understanding the distinct roles of card networks and payment processors is critical for managing business costs, optimising approval rates and improving customer experience. This knowledge is even more important when…
What You Need to Know About Pix and Its Role in Brazilian Payments Pix is Brazil's revolutionary instant payment system that has completely changed how Brazilians pay for things. Launched in 2020 by the Central Bank of Brazil, over 140…
Build trust with your customers and increase conversion rates As global commerce grows, multi-currency payment processing becomes essential for businesses serving international customers. Offering payment in local currencies builds trust, reduces cart abandonment and increases conversion rates. Multi-currency processing means…
Stay updated on the current trends in cross-border payments. Traditional payment systems are quickly being replaced by faster, more innovative digital alternatives. The value of cross-border payments is projected to increase to $250 trillion by 2027, up from $150 trillion…
Prioritising Cross-Border Payments That Are Fast, Cost-Effective and Simple Will Save Your Business Despite advances in technology, cross-border payments remain costly, slow, and complex compared to domestic transactions. High transaction fees cut into margins, settlement delays strain cash flow and…
Monitor your balances and settlements from anywhere Your Business in Your Pocket Rapyd understands that our merchants need to stay connected to their finances regardless of where they are. That's why we've developed the Rapyd Dashboard App—designed to give you…
A card issuer is a financial institution, such as a bank, credit union or fintech company, that provides payment cards to consumers and businesses. The issuer's responsibilities go beyond simply printing cards. Issuers assess creditworthiness and decide whether to approve…
Moving Money Across Countries, Currencies and Channels with Payment Rails Payment rails move money from point A to point B, quietly powering commerce across borders and currencies. For businesses, payment rails affect how quickly you get paid, how much you…
When someone clicks the "Buy Now" button on your ecommerce site, the ecommerce merchant processing begins. In seconds, payment information moves through checkpoints, gets verified, and either approves the transaction or sends back a declined message. This process affects customer…
Modern payment API infrastructure can reduce back-office work and improve payment experiences for merchants and customers. Here’s everything you need to know Payment infrastructure has shifted from a back-office utility to a revenue lever. Miss a beat at checkout? Your…
Expanding into new markets means adapting to local preferences and payment methods are a part of that. Offering the right payment options helps you connect with customers and build trust in unfamiliar markets. Different regions have distinct payment habits that…
What Are the Best Ways to Accept International Payments As a Business? Expanding internationally means seizing new opportunities, and getting paid quickly and reliably accelerates the process. Accepting payments across borders can be challenging, with high fees, currency conversions and…
The Different Types of International Remittances Explained Moving money across borders is a vital part of global finance. Whether it’s individuals sending funds to family or businesses paying international vendors, remittances connect economies and support livelihoods worldwide. Understanding the different…
Multi-currency payment processing platforms can simplify your business operations. Accepting payments from customers around the world is a necessity. But accepting international payments brings challenges: currency conversion, cross-border fees and slow settlement times. These issues can chip away at your…
Here’s what travel agencies should look for in a payment gateway Travel agencies face unique challenges in payment processing. You're dealing with international customers, high transaction values, frequent booking modifications and complex refund scenarios, all while fighting against sophisticated travel…
Travel agency merchant accounts allow businesses to process and accept payments. Travel agencies fall under more scrutiny from payment processors. Extended booking timeframes, high transaction values and vulnerability to disruptions, creates unique hurdles when seeking favourable merchant services. That's why…
Business Invoicing Isn’t Busywork. It’s A Strategy. And Most Businesses Are Underestimating It We tend to view invoicing as an administrative task or the paperwork that follows the real work. But the truth is that how you structure your business…
Cross-border payments in gaming allow companies to reach players worldwide, handling transactions across currencies and jurisdictions. As gaming becomes more interconnected, processing these payments efficiently and securely determines whether a platform thrives or struggles. Cross-border payment solutions directly affect a…
Payment processing can make or break your gaming platform. Because players leave when they can't complete purchases or withdraw funds. Gaming platforms face unique payments challenges: card testing, account takeovers, and chargeback fraud. These hurt your bottom line, damage player…
What’s the Best Way to Deal with Payment Disputes? No matter how easy your payment system is or how strong your customer relationships are, payment disputes are an inevitable part of doing business. Whether it's a chargeback, a billing error,…
The world isn’t just bigger. It’s packed with hidden potential. Just beyond your borders, there are markets where: Your “ordinary” product feels new and exciting Your competition hasn’t even shown up yet Customers are ready to pay premium prices for…
As businesses expand beyond borders, the ability to handle transactions in multiple currencies has become requisite. Whether you're working with international clients, suppliers, or partners, dealing with different currencies is inevitable. Efficiently managing foreign exchange for multi-currency transactions allows businesses…
SEPA transfers have significantly improved payment systems in the EU. Before this system, sending money across European borders was expensive, slow and needlessly complicated. Today, SEPA connects 36 countries and helps businesses of all sizes operate more smoothly across Europe,…
When you send money across borders, it’s not as simple as pressing “transfer” and waiting for the funds to arrive. Behind every international payment is a complex web of banking relationships, and two key players you may not even realise…
What is Caixa Caixa is a well-known cash payment method in Brazil, facilitated through a network of banking and lottery locations. Originating from Caixa Econômica Federal, one of Brazil's largest banks, this payment method allows consumers to pay bills, make…
What Is Calimax Calimax is a widely recognised cash payment method in Mexico, primarily serving as a convenient and trusted means for customers to make transactions without the need for bank accounts or credit cards. Stemming from its origins as…
Discover the most popular payment cards for global businesses and how credit card companies shape spending across regions Whether you're operating across borders or optimising local payments, your choice of credit cards can influence costs, customer experiences and operational efficiency.…
What Is Docomo Digital Docomo Digital is a robust and versatile payment method widely used in Japan. As an innovative financial service developed by NTT Docomo, one of the largest mobile phone operators in the country, Docomo Digital seamlessly integrates…
What Is ECPay ECPay is a widely-used payment method in the Philippines, primarily functioning as a cash payment service. It is designed to facilitate easy and direct cash payments for consumers who prefer or require this mode of transaction. ECPay…
What Is EastWest EastWest is a widely used cash payment method in the Philippines, enabling individuals to conduct financial transactions securely and conveniently. This alternative payment solution is integral to the financial ecosystem of the region, providing users with an…
What Is Disashop Disashop is a widely used payment method in Peru, offering a convenient way for customers to make cash payments for a variety of services and products. Recognised for its accessibility and simplicity, Disashop enables individuals who may…
Card-not-present transactions are now a routine part of doing business online. But with convenience comes added risk. Without the cardholder present, fraud becomes easier and costs can quickly add up. This article breaks down why these transactions carry higher risk,…
Understanding the difference between chargeback vs refund will protect your revenue and reputation. This article explains how each process works, what it means for your bottom line and why encouraging direct refunds over bank disputes can save you time, money…
Payment processing for the travel industry presents unique challenges that few other sectors encounter. With transactions that are typically high-value, cross-border, and often booked months in advance, travel businesses must navigate a complex web of regulations, currency conversions and evolving…
International payments remain one of the trickiest aspects of global commerce. Transfers can take days to complete, and fees chip away at what your recipient actually gets. And it gets more complex when faced with terminology like telegraphic transfer vs…
What Is Mexico Cash Network Mexico Cash Network is a payment method in Mexico, that offers a convenient way for individuals who prefer cash transactions to engage in the digital economy. It serves as a bridge for cash-centric consumers who…
If you’re looking to accept payments online, you may see a payment API referred to as a “payment gateway API” because it allows your businesses to integrate payments seamlessly into your sites, apps and systems. A payment gateway API is…
SWIFT has been the backbone of international banking for decades. This messaging network helps banks worldwide send and receive financial information securely. But today, many businesses are seeking a SWIFT alternative due to its limitations. The current SWIFT system creates…
Thank you for your interest in contributing to the Rapyd Blog. We welcome high-quality, insightful content that adds value to our audience of payments and eCommerce professionals and financial services technology companies. Before submitting, please review the following guidelines to…
AI Brings Efficiency, Security and Transparency to Compliance and Faster, Smarter Onboarding to Merchants Compliance with regulatory requirements is an essential element of the daily activities of every financial institution. Every regulation, every requirement, every tiny procedural detail is a…
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…
What is Local Bank Transfer Local Bank Transfer is a popular payment method that enables consumers to send money directly from their bank accounts to a merchant’s account. This method is widely used in regions where bank transfers are the…
What Is Korea Mobile Carrier Billing (eWallet) Korea Mobile Carrier Billing, often referred to as an eWallet, represents a popular digital payment method in South Korea. This innovative system allows users to charge purchases directly to their mobile service bills.…
What Is Khipu Khipu is an online payment method in Chile, known for its simplicity and efficiency in facilitating transactions between customers and merchants. It operates as a bank redirect payment system, allowing users to make digital payments directly from…
What Is Online Banking Online banking is a payment method that involves executing transactions and managing accounts via the internet through a bank’s secure website or mobile interface. Originating from a need for convenience and real-time access to finances, this…
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…
How to Implement Secure and Scalable International Money Transfers for B2B and B2C We don’t often stop to think about how money moves until it slows us down. Yet nearly $5 trillion crosses international borders every day. For businesses, these…
What Is OCBC PayNow OCBC PayNow is a widely-used payment method in Singapore that facilitates quick and seamless bank transfers using a mobile number or NRIC/FIN. Supported by major banks in Singapore, including OCBC, DBS and UOB, PayNow allows users…
What Is Pago Efectivo Pago Efectivo is a widely used cash payment method in Peru. This alternative payment system provides consumers with an option to make online purchases while paying physically through local banking venues, convenience stores, and authorised payment…
What Is OTC Cash Collections (In Store) Over-the-counter (OTC) cash collections refer to payments made in cash at a physical location, typically at retail facilities or authorised outlets. This method of payment is prevalent in regions where cash remains a…
What is Orange Money Orange Money is a popular mobile-based payment service in Africa, designed to provide users with a convenient and secure way to manage financial transactions. Launched by telecommunications giant Orange, this digital wallet is widely used in…
What Is OVO OVO is a popular eWallet service based in Indonesia, facilitating a wide range of financial transactions. OVO supports digital payments, bill payments, and peer-to-peer transfers. This eWallet is designed to promote cashless transactions, appealing particularly to users…
What is RD Pawnshop RD Pawnshop is a well-established financial service provider in the Philippines that offers a unique payment method popular among the local population. Originally starting as a traditional pawnshop, RD Pawnshop has broadened its services to include…
What Is RCBC Cash Payment RCBC Cash Payment is a widely used payment method in the Philippines, enabling consumers to pay bills and complete purchases at numerous partner outlets with ease. This alternative payment method is part of RCBC's broader…
What Is QRIS QRIS, an acronym for Quick Response Code Indonesian Standard, is a universal payment system in Indonesia that allows digital transactions through a single QR code. It is a revolutionary step in Indonesia’s rapid digitalisation, aiming to unify…
What is Punto Xpress Punto Xpress is a widely used payment method in El Salvador, notable for facilitating cash-based transactions. Although there are increasingly more digital payments, cash remains a key component of daily transactions within many communities. Punto Xpress…
What is Ponle Ponle is a popular cash payment method in Ecuador, providing a convenient and secure way for individuals to handle financial transactions without the need for a bank account or credit card. As an emerging favourite among the…
What is PNB Cash Payment PNB Cash Payment is a widely used cash-based payment solution primarily available in the Philippines. It serves as a convenient method for customers who prefer to pay for their online purchases in cash. Leveraging the…
What is PNB Bills Payment PNB Bills Payment is a convenient payment method popular in the Philippines, primarily facilitated by the Philippine National Bank. This payment solution provides users with a way to settle various bills such as utility charges,…
What is SG Virtual Account Payment SG Virtual Account is a notable payment method popular in Singapore that facilitates seamless bank transfer transactions. Designed for businesses and consumers looking to perform transactions without the need for physical cash or cheques,…
What is ServiEstado ServiEstado is a unique cash-based payment method prevalent in Chile. As part of the BancoEstado services, ServiEstado offers a way for individuals to transact in person at brick-and-mortar locations. Given Chile's economic landscape, ServiEstado has emerged as…
What is SeicoMart SeicoMart is a unique cash-based payment system that enjoys widespread popularity in Japan. Functioning through a network of convenience stores, this payment method offers a way for consumers to make transactions without the need for traditional banking…
What is Santander Santander is one of Europe's financial institutions, renowned for its comprehensive banking services. With its extensive footprint, especially prevalent in Brazil and across Europe, Santander offers a range of payment solutions tailored to accommodate diverse consumer needs.…
What Is SPEI The Spanish acronym SPEI stands for 'Sistema de Pagos Electrónicos Interbancarios' and refers to a real-time bank transfer system predominantly used in Mexico. It allows individuals and businesses to transfer Mexican pesos swiftly and securely between participating…
What Is VeitQR VeitQR is a payment method gaining popularity in Vietnam. It is a seamless digital payment solution with QR codes to facilitate quick and easy transactions. As QR codes become an increasingly integral aspect of daily financial activities,…
What Is Tia? Tia is a prominent cash payment method widely used in Ecuador. It has gained traction for its convenience and accessibility, providing a straightforward way for individuals to make payments without the need for a bank account or…
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…
How AI Fraud Prevention is Transforming the Way Companies Protect Their Businesses In the cat-and-mouse game of fraud, the rules are changing. AI is making fraud more sophisticated and easier to conduct. The cost of entry has never been lower.…
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…
Drive More Revenue with AI for Customer Experience and Personalisation As AI continues to reshape industries globally, payments are no exception. From seamless checkouts to bespoke payment options, AI is leading a revolution in customer experience, raising the bar for…
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…
Imagine trying to build a house without any tools – frustrating, right? That’s what developing fintech solutions would feel like without APIs. These unsung heroes are the tools that make it possible to connect systems, share data, and bring groundbreaking…
Artificial Intelligence and Machine Learning are revolutionizing the financial and business world. The automation of complex tasks can open up possibilities for increased productivity, and improvement in the quality of services rendered, and a reduction in overall operational costs.
Machine Learning is a form of artificial intelligence that uses algorithms to iterate and adapt. The machine learning program is given a set of parameters to operate in, where adjustments can be made. With each iteration, the program becomes closer…
Financial Agility and Security Make Virtual Cards More Than a Payment Method—They’re a Business Strategy Why are virtual cards in demand? Imagine you’re a finance manager at a mid-sized company manually approving expense reports, flipping through paper receipts, and trying…
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…
Transform disconnected payment channels into a unified omnichannel payment infrastructure that maximises conversion rates Imagine reviewing last quarter's numbers and spotting an uncomfortable pattern: customers start checkout on your website, switch to a mobile app for a discount code, then…
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…
Payment gateways like Rapyd help businesses seamlessly handle transactions across different platforms and currencies. Rapyd allows businesses to receive, manage, and disburse funds through a range of payment methods. Its flexible platform helps businesses simplify their financial setup and improve the customer experience.…
From Early Beginnings to Modern Applications of AI for Customer Support In the next 18-24 months, payment professionals are set to experience significant AI-driven impacts in areas like fraud detection, personalisation, operational efficiency, and customer experience. Rapyd’s “Future Ready: The…
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…
Financial institutions are beginning to harness the power of artificial intelligence to cut costs and transform payment system performance. Technology processes and results that once seemed far off are now being realised. In fact, studies show that AI and Big…
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…
AI in Payments Processing isn’t Just Here to Stay. It’s Here to Change Everything AI is no longer a hypothetical concept. It's here, and it's changing business at an unprecedented rate. As of 2023, over 80% of global companies have…
Secure, one-click payments designed to reduce friction and increase conversions We've all been there—you're about to buy something online, but the checkout process feels like an obstacle course. You enter your card details, get an error, try again, and eventually…
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…
What is MCC 6011: Financial Institutions – Auto Cash Disbursements MCC 6011 stands for “Financial Institutions – Automated Cash Disbursements” and is an important merchant category code used to classify transactions where financial institutions provide automated cash payouts to customers.…
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…
Payment links are used across numerous industries to help speed up online payments There are many uses for a simple payment link, but to help illustrate the power and flexibility of the pay by link method, I have dug into…
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:…
AI is Influencing the Next Generation of Payment Technologies Dr. Stiene Reimer, BCG’s expert in AI and payments, puts it succinctly: “AI is not only enhancing existing payment processes but also creating entirely new ways of transacting. Businesses adopting AI-driven…
Streamline Your Integration with Rapyd's API Onboarding Rapyd’s Onboarding API lets Independent Sales Organizations (ISOs) automate merchant onboarding and streamline the merchant’s KYC with Rapyd Verify. ISO Partners can use the API to connect their CRM or build a custom,…
With Support For High-Opportunity Merchants, Long-Term Solutions And Rewards That Grow With Your Business, Rapyd Sharpens Your Competitive Edge Rapyd gives you an opportunity to support fast-growing, highly profitable industries with unmet payment needs. Many of these industries—like iGaming, online…
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…
Unlock the Secrets of Payment Processing for High-Opportunity Industries Recently Rapyd joined forces with the Merchant Risk Council (MRC) to tackle one of the most critical and misunderstood challenges in global payments: helping high-opportunity industries succeed. Experts from MRC, Rapyd…
Tap to Pay on iPhone and Android allows merchants to accept in-person payments directly on their cell phones – eliminating the need for external hardware The way we pay for goods and services is fast evolving, with innovation driving the…
Secure and convenient payment links with FX are a digital payment workhorse. Rapyd Payment Links are a convenient way to quickly accept payments. They allow businesses to embed a dynamically generated link into almost any payment experience. Whether it is…
Get Tools To Meet the Payment Needs of Fast-Growing, High-Opportunity Industries Many industries once shunned by traditional financial services are emerging as high-opportunity sectors for growth and innovation. Companies in iGaming, online trending, influencers and content creators are moving into…
With a growing preference for cashless transactions, businesses in the UK are increasingly adopting next-generation card payment terminals. Debit card payments made up more than half of all transactions in the UK in 2023, a figure projected to surpass 30…
Fraud is a global problem. It demands a global solution. Fraud rates have remained at historically high levels, with global losses reaching $485.6 billion according to Nasdaq’s 2024 financial crime report. It’s unsurprising then that businesses prioritize fraud management as…
AI-driven fraud prevention, stablecoin adoption and direct acquiring relationships are transforming how businesses maximise payment performance and revenue growth 2025 has shaped up to be a big year for payments, driven by rapid tech advancements, regulatory shifts and evolving consumer…
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…
Gen Z, those born between the late 1990s and early 2010s, is paving the way forward in how people pay for goods and services. Gen Z is becoming an important segment of shoppers with consumers having about $360 billion in…
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…
The credit card processing and merchant services industry is daunting. Many business owners face the challenge of how to sell merchant services. With so many options, where do you start? The solution is simpler than you think. By partnering with…
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,…
Drive Success & Global Growth with Rapyd Payment Solutions Independent Sales Organizations (ISOs) looking to grow need more than just ambition; they need the right partner. Rapyd helps ISOs expand into new international markets, boost merchant success with local acquiring…
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…
The Easiest Way to Verify Your Customers With Confidence Why Verify(ing) Your Customers Matters Ensuring businesses are who they say they are is one of the first steps to preventing fraud. Identity verification is a global regulatory requirement and top…
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…
Comparing Rapyd and Nuvei Choosing the right global payment solutions can be challenging. The payment provider market is crowded. This blog focuses on Rapyd and Nuvei. We’re here to help you get some clarity about your options and understand the…
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 FamiPay? FamiPay is a popular eWallet solution in Japan, enabling seamless and efficient transactions in Japanese Yen (JPY). It is tailored for the Japanese market, combining convenience and security for everyday use. Developed by FamilyMart, a major convenience…
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…
Minimise False Declines for Significant Gains Many businesses focus on reducing cart abandonment or optimising site performance to increase revenue, but these strategies don't always guarantee sales. Enhancing credit card acceptance rates (also referred to as Authorisation or “auth” rates)…
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…
By aggregating transactions under one master merchant account, the PayFac model simplifies payment processing Let's face it, scaling your platform is tough enough without payment headaches. Multiple acquirer contracts, weeks-long merchant-onboarding cycles and endless compliance checklists steal precious hours from…
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,…
Empower Your Business with Global Payment Solutions Sending B2B payments to Curaçao is frictionless with Rapyd Disburse. Whether you’re paying suppliers, freelancers, or managing payroll, Rapyd provides an efficient and cost-effective solution tailored for your business needs.
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…
Comparing Rapyd and Checkout.com In a market filled with payment service providers, choosing the right solution can be challenging. This isn’t just another competitor blog post. We’re going to provide clarity and help you understand the full scope of each…
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…
Finding iGaming Payment Solutions for Businesses Under MCC 7995 Merchant Category Codes (MCCs) are created by the International Organisation for Standardisation (ISO), and payment networks use them to categorise transactions at scale. MCC 7995 is reserved for the gambling industry:…
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…
Embrace digital payment platforms to accept B2B payments. Efficient B2B payment acceptance is crucial for any company's success in the digital age. Implementing the right payment solutions can transform business operations, from speeding up transactions to enhancing cash flow. A…
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,…
Discover how merchants can capitalize on the European Union's Digital Markets Act (DMA) by exploring new payment processing options, developing independent payment systems, and partnering with innovative providers. The European Union's Digital Markets Act (DMA) is a groundbreaking law designed…
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…
Choosing the Right Payment Platform for Competitive Global Growth Whether it’s accepting credit cards, sending funds overseas, dealing with international payrolls for content creators, or juggling multi-currency accounts, you need payment and payout solutions that are efficient, secure, and cost-effective.…
Sophisticated Scamming on the Rise Sophisticated online fraud is rising, preying on unsuspecting individuals and businesses. With new techniques emerging, vigilance and proactivity are essential. Our guide uncovers common fraud schemes and provides instructions for reporting fraud in the UK…
More Technology Invites More Fraud In the turbulent geopolitical environment of 2024, online fraud looms larger than ever. Today, fraudulent organisations wield sophisticated tools, exploiting the digital ecosystem's rapid evolution. According to Rapyd’s 2024 State of Payments: High-Opportunity Industries Report,…
What Is the Employment Allocation of Tips Act 2023? To ensure fair treatment of hospitality workers and transparency in tipping practises, the UK government passed the Employment (Allocation of Tips) Act 2023. Set to come into effect on 1 July…
Use these strategies to manage global payment fees. Reaching new markets is complex and managing expansion costs can be difficult. Unclear expenses, hidden fees and inefficiencies can quickly eat away at your profit margins. In our recent webinar, hosted by…
Exploring the benefits and drawbacks of accepting recurring payments online, plus two time-tested options for your business. Subscription models are a popular strategy for steady revenue and customer retention. But are they the best fit for your business? In this…
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…
The Power of Global ACH and RTP As payment methods advance from traditional banking to digital platforms, there is a shift towards faster, more reliable and cost-effective transaction solutions and a growing need for cross-border payment solutions like global ACH…
Make Every Click Count: Master Affiliate Marketing with Rapyd's Global Payment Solutions Affiliate marketers and online influencers have the ability to connect businesses with their ideal audiences. But platforms for affiliate and influencer marketing services face unique challenges when trying…
Discover how a payment service provider with local card acquiring capabilities can drive higher authorisation rates Global digital payment volumes are surging, with analysts projecting the market will reach $8.94 trillion by 2027. That growth represents opportunity—but only if your…
Sending money to Visa and Mastercard debit and credit card holders is easier than ever. Businesses around the globe are turning to card payouts using Visa Direct and Mastercard® Send™ to accelerate the speed at which payouts are made and…
What is Merchant Onboarding? Merchant onboarding involves integrating your business with a payment service provider (PSP) or payment gateway. It is about setting up your business to securely and effectively manage customer payments. This process directly impacts operational efficiency, customer…
What are Merchant Services? Merchant services offer a variety of financial solutions that help businesses easily accept and manage electronic payments, focusing mainly on credit and debit card transactions. These services include secure payment processing, fraud prevention, payment management tools,…
The Emergence of Payment Service Providers The 1990s internet boom required new payment solutions for online transactions, sparking the growth of companies specializing in payment processing and gateways. By the 2000s, direct integration of merchants with these gateways had become…
Rise in Payment Popularity Initially utilized for purposes like loyalty schemes and marketing, QR codes have found their hold in the realm of contactless payments. Thanks to camera-equipped smartphones, QR code payments are a trending payment method for consumers, offering…
The Evolution of Merchant Acquirers With the development of eCommerce in the mid-1990s, the merchant acquiring sector underwent more changes. Banks like Wells Fargo and Bank of America led the charge by introducing online payment processing services. This separation of…
The Rise of QR Code Payments for Cross-Border Transactions Once a niche alternative payment method, QR codes are a rising payment staple worldwide. They've taken China by storm, capturing over 90% of the mobile payment market. In India, this scan…
Passport Required: Global Payment Processing for Online Travel Agencies (OTAs) Consumers are packing their bags; travel is back in a big way. The travel industry continues to experience a significant resurgence post-pandemic. Eager tourists and business travellers are again taking…