What Is An Internet Merchant Account, And How To Accept Payments?
A merchant account, as discussed, is a type of bank account exclusively for credit and debit card payments. The said card transactions happen through electronic card payment devices. This is…
Read more »What is Accrual Accounting: Types, Benefits, Examples
In today’s business landscape, financial clarity and accurate reporting are essential for sustainable growth and informed decision-making. In the world of finance and accounting, accrual accounting is a fundamental concept…
Read more »Vendor Payments: Meaning, Things to Know, and Procedure
In India, the vendor payments industry is undergoing a massive transformation. In business, paper invoices are being phased out in favor of complete vendor payment automation. Meanwhile, many market participants…
Read more »Decoding KYC Requirements For Payment Facilitators
In today’s digital age, payment facilitators facilitate seamless financial transactions. However, to ensure transparency, security, and regulation compliance, payment facilitators in India must adhere to Know Your Customer (KYC) requirements. …
Read more »What is the Importance of POS System for the Hospitality Industry: A Complete Analysis
The Point of Sale (POS) system plays a crucial role in the hospitality industry. They became so powerful that they could manage the entire stock and inventory. It can also…
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