Usually 10% of the order amount will be holded by the payment service provider,and not be sent to the merchants' balance until 180 days later. We call the amount as rolling reserve.This is a anti-risk method taken by the PSP ......
For those transactions processed successfully through the payment gateway,merchants can check them in statement list and balance,but they can not withdraw the funds to their bank account due to holding period rules.Normally the holding period ranges form 7 days to 30 days depends on the merchants' ......
Buy rate,or you can call it "Discount Rate".It is charged by the gateway when processing transactions successfully.It is usually a percentage of the order amount. ......
SHA-256 (256 bit) is part of SHA-2 set of cryptographic hash functions, designed by the U.S. National Security Agency (NSA) and published in 2001 by the NIST as a U.S. Federal Information Processing Standard (FIPS). A hash function is an algorithm that transforms (hashes) an arbitrary set of data ......
This term is also used to refer to web interfaces for processing card not present transactions. Such terminals allow call centre agents to enter a customer's credit card details to take a payment. KNown as card-not-present payments, merchants or customers enter credit card payment information within ......
It is absolutely essential to understand what a chargeback is and how it affects a business’s bottom line. Answering the question, “what is a chargeback?” is the first step towards implementing an effective management solution. ......
'Chargeback' is the term used for debiting a merchant’s bank account with the amount of a transaction that had previously been credited. There are a number of different reasons why a transaction will be charged back, but they mainly fall into two categories: ......
1. Unauthorised Mail/Telephone Transaction Occurred because the cardholder denies participation in this transaction. You can avoid this by ensuring that you are authorised to accept Mail Order/Telephone Order (MOTO) transactions and being more alert and getting as much customer identification as ......
SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution. These codes are used when transferring money between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages be ......
Mark Zuckerberg laid out a new direction for Facebook this week that shifts its focus from a sprawling series of social apps to a one-stop shop messaging service that combines everything the company has to offer. ......
WeChat, which is owned by Chinese tech giant Tencent, has more than a billion monthly users, just behind Facebook’s WhatsApp and Messenger. But it offers so much more than messaging, allowing its users to do everything from payments to the ability to book flights and hotels. One key feature it has ......
by Editor | Dec 5, 2018 | Business in China, China Ecommerce, Digital Marketing in China, Featured, Market Research in China, Selling in China ......
The number of merchants supporting Alipay in Japan has surged to more than 300,000 from about 50,000 in early 2018. Alipay is expanding in Japan ahead of 2020 Olympics next summer. ......
How to be paid timely and safely is a primary concern to foreign businesses that want to enter China, especially when you do e-commerce. ......
The dilemma of making profits on social media amidst advertising fatigue ......
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