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…
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…
Why businesses need a directly licensed card acquirer. With the global digital payments market projected to reach 8.94 trillion USD by 2027, there’s a growing demand for payment service providers to facilitate seamless financial transactions worldwide. Payment service providers have…
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…