It goes without saying that nobody wants to pay for something twice. Customers certainly don’t, and from a business point of view, accidentally paying an invoice twice does nothing for your profit margins. It’s easily done in some ways; mistakes happen and technology can sometimes glitch, but prevention is always better..  Despite this, duplicate payments […]

How often do you pay for goods and services with cash? It’s probably nowhere near as often as it used to be. In fact, according to a 2023 study, in-store cash transactions only accounted for 16% of payments, while credit and debit cards covered more than 60%. It certainly shows how common electronic payments have […]

With cost of living prices skyrocketing around the world, it’s no surprise that many people are looking toward credit or buy now, pay later options. From a business point of view, customer financing can become a valuable way to retain customers while attracting new ones at the same time. Yet, it requires careful consideration and […]

These days, the world is a smaller place than it’s ever been. Not in terms of size, of course, but in how easy it is to contact and do business with people from other countries. The rapid boom of the Internet has made international ecommerce one of the easiest things to master, but there are […]

Security is like a padlock that holds firm against anything that threatens to bring your business to its knees. Even the smallest issue can turn into a major problem when not addressed correctly, so it’s vital to check all your processes regularly. Yet, payment security is often left to one side, mostly because we assume […]

These days, the payment reconciliation process is more important than ever before. There are countless types of fraud doing the rounds, and this process helps to spot any issues and inform changes in your payment processing setup. Of course, it’s not only about that; it’s also a chance to check everything is working as it […]

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 […]