• Buy rate

    17-01-08  578
    Glossary

    Buy rate,or you can call it "Discount Rate".It is charged by the gateway when processing transactions successfully.It is usually a percentage of the order amount. ......

  • SHA256

    17-01-08  486
    Glossary

    SHA-256 (256 bit) is part of SHA-2 set of cryptographic hash functions, designed by the U.S. National Security Agency (NSA) and published in 2001 by the NIST as a U.S. Federal Information Processing Standard (FIPS). A hash function is an algorithm that transforms (hashes) an arbitrary set of data el ......

  • Virtual Terminal

    16-12-31  475
    Glossary

    This term is also used to refer to web interfaces for processing card not present transactions. Such terminals allow call centre agents to enter a customer's credit card details to take a payment. KNown as card-not-present payments, merchants or customers enter credit card payment information within ......

  • How Chargebacks Affect Merchants?

    16-12-31  727
    Payment related

    It is absolutely essential to understand what a chargeback is and how it affects a business’s bottom line. Answering the question, “what is a chargeback?” is the first step towards implementing an effective management solution. ......

  • What is a Chargeback?

    16-12-31  726
    Payment related

    'Chargeback' is the term used for debiting a merchant’s bank account with the amount of a transaction that had previously been credited. There are a number of different reasons why a transaction will be charged back, but they mainly fall into two categories: ......

  • Top 10 Chargeback Reasons

    16-12-31  907
    Payment related

    1. Unauthorised Mail/Telephone Transaction Occurred because the cardholder denies participation in this transaction. You can avoid this by ensuring that you are authorised to accept Mail Order/Telephone Order (MOTO) transactions and being more alert and getting as much customer identification as p ......

  • What is SWIFT Code?

    16-12-23  650
    Payment related

    SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution. These codes are used when transferring money between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages be ......