The PayAdmit Blog | Articles on eCommerce, Payments, CRO and more

15.08.2022

What is an ACH Payment?

A payment by ACH is an electronic funds transfer between banks in the United States. It is carried out through the ACH network without using Visa or MasterCard payment systems. This type of payment is very popular among businesses. However, before you start working with it, you need to know the details. In this article, we will explain what an ACH payment is, how it works and what its features are.

12.08.2022

Payment gateway vs. payment processor

Online sales continue to grow and have increased sharply during the COVID-19 pandemic. Over the past two years, the industry has received an additional impetus for growth. According to American Express Digital Payments, 71% of online store managers agreed that their sales through mobile services have increased.

09.08.2022

What Is 3D Secure?

3D Secure technology was created by MasterCard and Visa and is also called 3DS. This is a technical standard that makes online transactions using bank cards more secure. In this article, we will explain what 3D Secure is and how it works.

04.08.2022

What’s a Transaction ID and Where to Find It?

A payment processor is very important for any business. However, you should understand that when you start working with it, you will encounter certain difficulties. There will be a whole series of numbers and notes on financial transactions, which can be completely incomprehensible for a beginner.

31.05.2022

Types of High-Risk Businesses

High-risk business is not necessarily hazardous. On the contrary, it may be profitable, promising, and, most importantly, legal. But this does not mean that the high-risk industry is named “just like that.” Problems with a company that operates in a high-risk area are quite possible.

30.05.2022

Credit Card vs. Debit Card. What Is the Difference?

Today it is difficult to imagine a person without a bank card. These banking products are now used to pay for purchases, transfer funds, and perform other transactions. Most of us use both types of cards but often don't fully understand the difference between credit and debit cards. In the meantime, some services only accept credit cards, and debit cards have some restrictions that you may encounter at the most unexpected moment. It's time to understand the essence of credit and debit cards once and for all.

28.05.2022

Payment Processing Industry

As e-Commerce develops, the payment processing industry becomes more and more relevant. Many people who open their own online store or a company that will receive payment for their services do not fully understand how transactions are processed. In this article, we will start with a payments industry overview and tell you how this industry works and what the main parties and processes are.

28.05.2022

What is FinTech?

FinTech is one of the fastest-growing areas in the financial industry. Its key task is to make finance more accessible to private and corporate clients. FinTech involves the development of innovative solutions in the financial sector, which makes it more user-friendly and more accessible to all parties. We will tell you what financial technology is and how it works.

27.05.2022

What Does Payment Processing Mean? Definition and Key Terms to Know

Cash is gradually becoming a thing of the past and giving way to online payments. E-commerce platforms actively use them. However, before you connect online payments, you need to consider a number of nuances. To make the right choice, it is important to know how to process payments in general, what processing means, and what types of payments can be processed. Let's talk about what online payments are and answer users' main questions.

26.05.2022

Cryptocurrency: most popular types of coins

When it comes to cryptocurrency, usually we think about Bitcoin. It has been several years since Bitcoin entered the scene and became the most popular type of cryptocurrency globally. However, despite its legendary status in the industry, this is not the final word on cryptocurrencies. There are currently over 7,000 cryptocurrencies to choose from, and many more tokens issued on the Ethereum blockchain.

24.05.2022

How to Integrate a Payment Gateway Into a Website

The owner of any online store has to solve an important task – to allow customers to make payments quickly, reliably, and safely. The chosen solution should meet your customers' needs as much as possible because their comfort when paying for goods or services depends directly on the number of successful sales.

23.05.2022

What Is an Internet Merchant Account?

Any modern online store accepts bank cards. If you intend to start your own business, you need to know how accepting and processing payments work. One of the most important aspects of accepting payments from debit and credit cards is a merchant account. This is a special account opened for each online store before connecting payment services to it. Let's talk in more detail about what a merchant account is, how it works and what you need to pay attention to before opening.