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Blog PayAdmit
Company
February 26
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. A high-risk business has a high probability of encou...
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Blog PayAdmit
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February 21
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....
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Blog PayAdmit
Company
February 11
Processing Limits: Managing Transaction Volumes Effectively
In today’s digital era, businesses rely heavily on electronic payment systems. Effective management of transaction volumes is crucial for seamless operations and mitigating issues. Implementing processing limits helps maintain control, reduce fraud risks, and enhance customer satisfaction. Statistics show a 30% decrease in fraudulent transact...
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Blog PayAdmit
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February 06
Payments Through Social Media and E-Commerce: Shaping the Future of Shopping
The way we make payments has drastically changed, with social media platforms and e-commerce websites leading the charge. These platforms are now seamlessly integrating shopping features, allowing consumers to shop without leaving their favorite apps. This shift has made purchasing simpler and faster than ever before. Social Media and the Rise of ...
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Blog PayAdmit
Company
January 29
What Is Express Checkout
Based on the data collected by Baymard Institute, 22% of online shoppers abandon an order due to a “long/complicated checkout process”. No wonder, businesses try to make it easy for their customers to buy goods online. Offering an express checkout can be the way to go. This payment metho...
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Blog PayAdmit
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January 24
What is VBV (Verified by Visa)? A Complete Guide
Online shopping has become a significant part of the global retail scene. The number of digital buyers worldwide will reach almost 3 billion in 2025. As online payment usage grows, so do financial crime risks. To protect online retailers and cardholders, Visa incorporated Verified by Visa (VBV). This security feature adds a...
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Company
January 13
What Is 3D Secure?
As of today, 86% of people have fallen victim to identity theft at least once in their lifetime. Statistics don’t seem to get better any time soon. No wonder, companies are looking for preventive measures to protect their business and customers. 3D Secure has become fairly common these days. The technology provides an addi...
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Blog PayAdmit
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December 30, 2024
Artificial Intelligence and Machine Learning. Transforming the future of technology
Artificial Intelligence (AI) and Machine Learning (ML) are no longer just buzzwords; they are transformative technologies reshaping industries, redefining daily tasks, and opening doors to a world previously limited to science fiction. As AI and ML capabilities grow, their applications touch nearly every sector—from healthcare and finance to ...
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Blog PayAdmit
Company
December 23, 2024
Payment Processing Industry
Massive digitalization has a direct impact on the payment processing industry. The number of online transactions reached 1.3 trillion in 2023. The transaction value is projected to show an annual growth rate of 9.5% leading to a total of $16.6 trillion by 2028. The changing marke...
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December 17, 2024
Understanding Anti-Fraud Systems: Enhancing Security in E-Commerce
The Importance of Anti-Fraud Systems Anti-fraud systems safeguard e-commerce stores against fraudulent activities, minimizing financial risks and protecting businesses and customers. With increasing cybercriminal sophistication, advanced anti-fraud systems are necessary. What is Anti-Fraud in Simple Terms? An anti-fraud system assesses financial...
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