You can blame the COVID-19 pandemic, the focus on home and work-life balance, or anything else you like, but the freelance/gig economy is booming. In fact, according to Upwork, freelancers on its platform earned a collective $1.5 trillion in 2024.  If you’re reading this, you’re either a freelancer yourself, or you know one. It’s also […]

Technology changes everything, whether it’s obvious or it’s behind the scenes. When you make a payment as a customer, or a customer buys something from your business, a series of actions begin. This all happens extremely quickly but involves several entities and processes that complete the cycle. Once it’s done, settlement occurs – this means […]

High-risk businesses have plenty on their plates, but a higher risk of fraud is certainly one of the main concerns. After all, fraud is not only damaging in terms of revenue, but it can seriously impact on customer experience and reputation. It doesn’t help when you understand just how many types of fraud there are. […]

In an ideal world, a customer would make a payment and the value of their purchase would immediately land in your business account. It would be useful, wouldn’t it? Unfortunately, we don’t live in an ideal world, and there are several steps involved in payment processing before it reaches the settlement stage. One such stage […]

Managing your cashflow as a business owner is a tricky task. Whenever the unexpected happens (and it often does), it can throw you totally off course, leading you to recalculate everything you thought was set in stone. Yet, there are options in front of you, and one of them is a merchant cash advance.  If […]

There are countless ways to make a payment these days. Whether you want to stick to cash, go with a card, pay by Apple Pay or Google Pay, or cryptocurrency, there’re options out there. And the great news is that more and more businesses are embracing payment flexibility.  Have you heard of virtual payments? Whether […]

Keeping a close eye on financial patterns and trends is a sensible thing to do. Not only is it interesting, but it can help you handle your finances much more effectively. Who knows; there might be a new development that can take your business revenue to the next level and save you time along the […]

As the world becomes more technological by the year, it’s no surprise that payment technology is heading in the same direction. In fact, the global POS market is growing at a staggering rate – it was valued at $116.3 billion in 2024, and is expected to grow even more over the coming years.  There are many […]

Behind every payment is a complex series of actions that transfers money from the customer to the business efficiently. While most customers are unaware of what happens after they tap their card or press ‘pay,’ it’s important for businesses to know. Why? Because that way you can optimize your processes and choose the best merchant service […]

There are several card networks and issuers on the market. Of course, Visa and Mastercard are certainly the big two, and the most well-known, but they’re not the only ones. We can also talk about Discover, a US-based card network and issuer that works as a payment processor.  Founded in 1985, Discover is known for […]