How to Avoid Chargebacks: 7 Tips to Protect Your Business
Chargebacks are a significant hurdle, impacting your business’ revenue and reputation. Consumers claim that 67% of chargebacks are avoidable. But is it really that easy? Understanding chargebacks, why they occur, and, most importantly, how to avoid them is critical for maintaining a healthy and prosperous business. This guide offers valuable insights and strategies tailored for […]
CBD: For Sleep and Insomnia
CBD oil- Cannabinoid oil helps deal with insomnia. The debates on CBD are slowly alleviating from ‘do we need it‘ to ‘how do we need it’. Although, a wider social acceptance is yet to be established. Nevertheless, its growing popularity is very visible. Therefore, we should now think of its effective use. CBD products helping with […]
How to be Successful in the Adult E-Commerce Niche
The adult ecommerce and entertainment markets are growing. The forecast for the 2019-2025 market is astonishingly higher. People are living life more! And they are not shy about showing it. Therefore, it makes way for a market that is very challenging. Although, the market may be challenging but the opportunities are no less astounding. The […]
Visa Regulations 2023: More Transparent Payment Processing
Visa card payments just got stronger. Incorporation of new regulations for Visa has made the payment processing more transparent. Additionally, Visa intends to make free trials more accessible. Also, the cancellation process is now as easy as sending out a text. Therefore, all the new rules will make the transactions more accountable and make lives […]
PSD2- Future
“What is PSD2?” This is what you will find on press release database of European Union (EU) when you search for PSD2. So, we have our willingness to know. On the other hand, EU is trying to put up the information well. Then again, all interest comes to a point where the future of its […]
What Are Chargebacks: Everything to Know
Chargebacks – Still facing troubles to dispute your chargebacks? Also, are the claims against you are unnecessarily tiring and irrational? You are not alone. Whether you are the best merchant or not, you just cannot escape the world of chargebacks. Dispute your chargebacks- tiresome but not impossible. Furthermore, with growing industry of online payments you […]
What is a MOTO payment?
Payment mechanisms are getting easier. Mail Order/Telephone Order (MOTO) is making lives even easier. It’s an easy transaction solution for merchants and even for buyers. So, why has MOTO already not taken over? MOTO payments have their own story of becoming popular and being resisted from being the next big thing. Although, there is no […]
PSD2- Strengthening Trust
PSD2- Payment Service Directive 2, is believed to bring better cooperation between banks and Fintech. It also brings hope of re-gaining the trust on financial institutions. Especially, the trust that was fading out after 2008. Specifically in Europe, people were losing their faith in financial institution. Although, high hopes are riding on PSD2. What is […]
Future of Payments in Cryptocurrency
Where Cryptocurrency Stands Today Cryptocurrency is a technology that has the potential to become an important part of the global economy. A world leader in the cryptocurrency market is Ripple. Ripple’s CEO, Brad Garlinghouse, has admitted that the cryptocurrency market is still young and that several factors, including regulations and technological developments must be […]
Benefits of SWIFT and SEPA
Society for Worldwide Interbank Financial Telecommunication- SWIFT and SEPA- Single Euro Payments Area are facilitating payments within Europe and worldwide. So the benefits of it are far extending. Especially, for merchants dealing without borders, it is a blessing. Also payments industry is evolving. Therefore, existence of SWIFT and SEPA can make your life even easier. […]
Growth in CBD industry
The CBD industry, including the Cannabis Industry, suffers from one thing mostly- a wrong perception. Although the speculations are slowly clearing. But the confusions are still there. CBD industry still suffers from a lack of research. You cannot claim the pros or the cons of CBD right away. Although, claims of CBD being clinically effective with less […]
Connect PayFasto with Shopify
Shopify is now supported by PayFasto, for our merchants! We tend to link you to the most efficient business systems. And this is a major part of it. Hence, let’s get to know more about how Shopify would help enhance your business. Also, being a member of the PayFasto family surely gives you the ultimate […]
Pros and Cons of A Cashless Society
Cashless society- the name describes it all. A cashless society describes a range where financial transactions are not conducted with money. Not in the exact form of physical banknotes or coins. Rather through the transfer of digital information between the transacting parties. Therefore, cashless society opens up endless opportunity for merchants like you. Especially, ones who thrive to grow their business. […]
What are alternative payment methods and why do they matter?
Alternative payment methods, an efficient payment method for your customers. Making payments with credit cards may not always be the easiest way out. Especially, with the e-commerce industry growing. The payment methods need to be as swift as ordering products. Therefore alternative payment methods can be a true solution. Also, the benefits of it are […]
What is an IBAN Number?
IBAN- International Bank Account Number is an internationally recognised bank account number that can be used to complete transactions across borders. Banking across borders can be a real hassle at times. Since, the formalities and number of figures to remember can be quite a lot! Therefore, International Organization for Standardizitation (ISO) has issued this number […]
What Is Mail Order Telephone Order (MOTO) Fraud?
The “moto” of the MOTO fraud are not so wise. Like any other financial fraud, this can bring you tons of hassles. Occasionally, this may even lead to financial loss. Nevertheless, this is true for both the merchant and the buyer. Hence, it surely is a matter of concern. What is Mail Order Telephone Order (MOTO)? […]
PSD2- speculation deepens
Is PSD2 mandatory?– Yes. As per the revised Payment Service Directive by the European Union (EU), Payment Service Directive (PSD2) is now mandatory. If you are still wondering what this is, trust me you are not alone. 76 per cent online buyers have never heard of it! Hence, these statistics are worrisome. But why does it matter to you? What […]
How to Prevent Fraudulent Account Takeovers?
Facing fraudulent account takeovers can be the most troublesome problem of your financial management. Fake mobile app fraud tripled in first half of 2019. You can be a direct victim of the threat. Even worse, if your merchant account is overtaken by an unwanted party. Also, it can be a hassle if a fraud uses […]
What is Interchange++ ?
Interchange++ and your business Interchange++ can be a big cause of worry for merchants. Calculating interchange can be troublesome and figuring out the true value of interchange++ is even more struggling. Therefore, having a clear concept of the issue is very important. Hence, read through the post and find out more about interchange++. Also, knowing […]
What is Visa Merchant Purchase Inquiry Program (VMPI)?
VMPI- Visa Merchant Purchase Inquiry, will make business smoother and faster. How? VMPI makes sure that disputes are settled before facing a chargeback. Hence, payments received through Visa card as now less troubling. Also, this is part of the new regulations by Visa which helps make your business transactions more transparent. Therefore, your relations with […]
Everything you need to know about PSD2
Having a Payment Service Directive (PSD2) is now mandatory. Still don’t have it? If no, there is some bad news for you! From the running month, you won’t be able to make any payments via your card if you do not have PSD2. It is as per the revised Payment Service Directive by the European […]
