What is the Merchant Discount Rate for Payments?
The Merchant Discount Rate (MDR) is a critical component in online payment processing, encompassing the fees levied on merchants for incoming transactions. Ranging between 1% and 3%, MDR involves a…
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Merchants Digital Wallet: Pros and Cons
Digital wallets have become increasingly popular payment options for merchants and consumers. Let’s explore the key advantages and disadvantages of merchants digital wallet and what you should consider when accepting…
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Zero Balance Current Account: A Quick Explainer
A current account plays a vital role when managing finances for your business. They help in managing day-to-day transactions for both individuals and companies. Among the various types of current…
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A Comprehensive Guide to Accrued Expenses
Accrued expenses are liabilities that arise when a business incurs expenses but hasn’t made the corresponding payment yet. This comprehensive guide to accrued expenses provides an overview, significance for businesses,…
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Fraud Detection in Payments – A How to Guide
Fraud is a growing concern in the digital payments system. However, businesses can proactively detect and prevent fraudulent transactions through advanced analytics, machine learning, and security measures. In this…
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