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

30.08.2022

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.

27.08.2022

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.

23.08.2022

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.

17.08.2022

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.

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?

PayAdmit ⭐ Want to know what 3D Security is? ✅ Read our article to learn how 3D security authentication works, its examples, and benefits

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

PayAdmit ⭐ Want to know about the payment processing industry? ✅ Read our article to learn about the payment processing ecosystem, its key players, and how it works

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.