A high-risk merchant account becomes necessary when a business intends to accept credit card payments but has a high risk of fraud or chargebacks, or if it has certain other characteristics — such as those mentioned before. Credit card processors are always looking to minimize the amount of risk they are taking on. This is why some businesses are considered […]
While gambling rules remain rigorous, an increasing number of financial services firms are eager to collaborate with the gaming and gambling businesses. The gambling business is always expanding, and recent reforms in the United States have paved the way for expanded legality. While the internet gaming business continues to grow at a breakneck pace, financial networks are not keeping up. […]
Mobile wallets or digital wallets or e-wallets are nothing but similar to the wallets that you keep in your pockets to store your money and cards. The only difference is that it is accessible in a virtual mode through mobile phones. Gone are the days when you had to carry cash in hand carefully every time from going shopping to […]
A high-risk business is more likely to have excess refunds and take part in risky business practices. In recent times, e-commerce businesses are booming at a higher pace. With the growth of e-commerce, payment transactions using debit and credit cards are also increasing rapidly. This is also making it difficult to process all the transactions error-free, that too in less […]
Forex trading essentially means buying and selling currencies to make a profit. It has grown to become the world’s largest financial market, and one does not need a lot of money to get started in the business of forex trading. Through this blog, let us learn what exactly forex trading is, and how it operates. What is forex trading? Foreign […]
Every day, millions of transactions take place all around the world. These transactions are tracked in order to have a clear picture of the customer’s activities. Transaction monitoring is the practice of keeping track of the client’s activities. Let’s take a look at what a transaction monitoring system is and why it is necessary. Understanding Transaction Monitoring Transaction monitoring is […]
A payment gateway or PSP (Payment Service Provider) is a service that authorizes and processes payments in online and physical stores. A gateway acts as a portal to facilitate the flow of transactions between customers and merchants. It uses security and encryption protocols to transmit transaction data securely. Data is transferred from the website to payment processors/banks and vice versa. […]
Remember the last time you went to dinner and you and your friends split the bill using Venmo or Google Pay? Or you paid for your beverages using Apple Pay? Or that time when you paid for your Uber ride with your mobile wallet? You may not have realised but fintech has become an essential part of your as well […]
Fintech is a generic term used to define financial technology companies. Fintech is transforming the way people do business, making processes more efficient and safer, just as technology achieves. Several blockchain and payment startups in the UAE fintech scene are breaking traditional models such as banking and payment services. The UAE’s fintech industry is booming as it increasingly embraces new […]
A CySEC license is one of the most recognized forex licenses to get, depending on your structure, whether you are an established brokerage, a forex IB, or a white label. Not just for the safety, it offers to the traders, but also for your financial structures, top organizational setups, the EU passport, and the opportunities it opens up for future […]
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