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PCI Compliance: What it takes to become PCI compliant | PayAdmit: Online Payment Processing
PCI Compliance: What it takes to become PCI compliant

Data breaches and credit card information theft are among the top issues faced in this digital transformation era. There were about 389,845 credit card fraud reports in the US in 2021. Even tech giants like Adobe have fallen prey to cyber criminals, who got access to the credit card information of over 3 million users.

What Is a Merchant of Record? | PayAdmit: Online Payment Processing
What Is a Merchant of Record?

Merchant of record allows companies to focus more on creating and developing their products rather than on the nuances of receiving payments. MoR allows you to offload operational activities and not waste your resources on tax compliance or international payments. In this article, we will look at what a merchant of record is and what benefits this merchant model brings to various businesses.
Acquiring Bank vs Issuing Bank | PayAdmit: Online Payment Processing
Acquiring Bank vs Issuing Bank

In the process of processing payments, two banks are obligatory participants – the issuer and the acquirer. The payment scheme of an online store is quite complicated, and if you are planning to start selling goods or services on the Internet, it is important to know the difference between issuer vs acquirer. In this article, we will explain what an issuing bank and an acquiring bank are and how they interact with each other when processing transactions.
What’s a merchant ID and how to protect it? | PayAdmit: Online Payment Processing
What’s a merchant ID and how to protect it?

Each merchant has its own identifier (MID). It is necessary for a number of operations that take place within a single transaction. In this article, we will tell you what merchant number identification is, why you need it, and what you need to know about it.
How to prevent and resolve chargeback disputes | PayAdmit: Online Payment Processing
How to prevent and resolve chargeback disputes

Chargebacks exist to protect consumers from fraud. However, this tool often creates problems for businesses. This is an important risk factor to consider when developing a risk management strategy. We will tell you what fraud chargebacks are, how they work, and how you can protect your business from them.
What is third-party payment processing? | PayAdmit: Online Payment Processing
What is third-party payment processing?

Every company that does business online needs to process payments. If earlier it was possible to sell goods or services for cash only, in the modern world, payments are made mostly online. However, third-party payment processing may be required for online payments to work effectively. In this article, we will talk about payment processors for small businesses in more detail.
How to Accept Bitcoin Payments | PayAdmit: Online Payment Processing
How to Accept Bitcoin Payments

Bitcoin is the main world cryptocurrency. This digital coin is widely used as a means of payment around the world. Many online stores accept Bitcoin to pay for goods and services. However, to accept cryptocurrency payments, you need the appropriate instruments.
What is an ACH Payment? | PayAdmit: Online Payment Processing
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.
Payment gateway vs. payment processor | PayAdmit: Online Payment Processing
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.
What Is 3D Secure? | PayAdmit: Online Payment Processing
What Is 3D Secure?

PayAdmit ⭐ Want to know what 3D Security is? ✅ Read our article to learn how 3D security authentication works, its examples, and benefits
What’s a Transaction ID and Where to Find It? | PayAdmit: Online Payment Processing
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.
Types of High-Risk Businesses | PayAdmit: Online Payment Processing
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.