Money is simply a medium of exchange as well as a store of value. when it comes to know how the payment system changed its face from past to present I would like to share some important points which need to be noticed.
The evolution of technology payment systems have changed drastically making financial transactions possible at any time and from anywhere.
In a recurring payment model, the service providers deduct the purchase amount from the buyer's account at regular interval which is set up automatically. There are multiple recurring payment businesses, some use an invoice method wherein a payment is automatically deducted against an invoice and others use Subscription Model business…
Some Online Businesses and industries are treated as high-risk businesses by payment processing companies. They are categorized as high-risk businesses depending on several factors such as the chargeback ratio of a merchant, times the product is returned or payment processing history.
Many people want to start selling their products online but, there are many questions that run into their minds as to where to begin from? and how to start selling?
Payment gateway is service that is responsible for the authorization of your card details and then transfers the details to the payment processors.