If you are a merchant that wants to open up an e-commerce business, there are two valuable tools that you will need in order to accept credit and debit card payments. These two components are known as a payment gateway and a merchant account. Let’s dive in to explore the…
A merchant account is a form of business account that enables businesses to both accept and process card transactions. Merchant accounts typically require a partnership between a business and a merchant acquiring bank that supports all communication during an electronic payment transaction. Depending on whether the merchant enters a merchant…
According to a survey by Statista, back in March of 2020, it was found that 88.05 percent of orders initiated online were abandoned. This simply means that the online shopper did not move forward to actually make the final purchase. For 63% of online shoppers in the United States, the…