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BeeKash - A Global Payment Service Provider

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SAFEST OPTION FOR CARD PAYMENT PROCESSING

Principal members of card brands are the banks or financial institution that are authorized to acts as “issuing bank” that is they can provide credit cards and can act as “acquirers”, means the financial institution that provide transaction processing services. The principal members are responsible to contact directly to the card brands that is VISA, MasterCard or others and settle the funds of those transactions.

Banks might ignore to work directly with them or ask for guarantee from any third party, if any high-risk businesses, like gaming, e-Cigarette, pharmacy, firearms, adult products, media productions, start-up and more. That’s where, these principal member “financial institutions” play a pivotal role by just cross checking the business documents and existence. If they find the business eligible for association, these institutions just ask for fulfillment of the minimum legal requirement that is generally required for establishment of merchant accounts.

These principal members…

Mobile Point-of-Sale (POS) System.

Mobile point-of-sale is transforming the retail industry in a way few technologies have done before. For small merchants, the benefits of installing mPOS technology include not just low-cost card acceptance on smartphones and tablets but also access to the value-added retail management software offered by traditional POS systems, but at a lower price. For large retailers, mPOS provides a way to improve customer service and to respond to showrooming. This guide covers the basics, including:
SecurityPCI Cloud-based systems Ancillary services

Bulky cash registers are a thing of the past for small and medium-sizes businesses (SMBs), as smartphone- and tablet-based systems with attached card readers become more prevalent. Another benefit of these mPOS devices is that they can be used for line busting during peak store hours.

While micro-merchants may find it sufficient to attach an mPOS card reader or dongle to a smartphone or tablet, large retailers typically need more sophisticated &quo…

A Catalyst For Alternative Payment Methods.

The UK e-commerce market is Europe’s largest and is set to reach £90 bn before 2020 (up from £60 bn in 2015). But while e-commerce grows, the preferred consumer payment mechanisms are changing.

The Payment Services Directive 2 (PSD2) will come into force in the UK (and the wider EU) within two years and will have a profound effect on retail and commercial banking. While new payment categories like PISP (Payment Initiation Service Provider) and AISP (Account Information Service Provider) will transform how consumers interact with their banks and third parties, they also hold the potential to transform e-commerce.

A catalyst for alternative payment methods

Today, credit and debit cards in particular are the preferred consumer payment method in the UK, with card spending comprising 63% of all e-commerce payments.

However, according to WorldPay, alternative payment methods will see their overall share of transactions grow from 37% to 50% by 2019. The implementation of PSD2 will act as a catal…