With a growing preference for cashless transactions, businesses in the UK are increasingly adopting next-generation card payment terminals. Debit card payments made up more than half of all transactions in the UK in 2023, a figure projected to surpass 30…
Fraud is a global problem. It demands a global solution. Fraud rates have remained at historically high levels, with global losses reaching $485.6 billion according to Nasdaq’s 2024 financial crime report. It’s unsurprising then that businesses prioritize fraud management as…
2025 is shaping up to be a big year for payments, driven by rapid tech advancements, regulatory shifts, and evolving consumer expectations. And while (AI) will continue to play a pivotal role in reshaping the industry, it's just one of…
Gen Z, those born between the late 1990s and early 2010s, is paving the way forward in how people pay for goods and services. Gen Z is becoming an important segment of shoppers with consumers having about $360 billion in…
The credit card processing and merchant services industry is daunting. Many business owners face the challenge of how to sell merchant services. With so many options, where do you start? The solution is simpler than you think. By partnering with…
Drive Success & Global Growth with Rapyd Payment Solutions Independent Sales Organizations (ISOs) looking to grow need more than just ambition; they need the right partner. Rapyd helps ISOs expand into new international markets, boost merchant success with local acquiring…
Minimize financial losses and improve customer satisfaction by integrating early dispute resolution into your payment flow Chargebacks and disputes are a growing concern for merchants, directly impacting their revenue and acceptance rates. Solutions targeting consumer disputes play a critical role…
The Easiest Way to Verify Your Customers With Confidence Why Verify(ing) Your Customers Matters Ensuring businesses are who they say they are is one of the first steps to preventing fraud. Identity verification is a global regulatory requirement and top…
Accelerate your delivery cycle from several days to real-time with instant card payouts. With real-time payments gaining momentum, ‘real-time’ and ‘instant’ delivery are increasingly growing to be part of the payments conversation. As a result, many businesses are reevaluating payments…
What Is MCC 7994? Merchant Category Code (MCC) 7994 is assigned to businesses that operate video game arcades and other similar entertainment establishments. This specific MCC is used by payment processors to categorise transactions for businesses that provide video game…
Comparing Rapyd and Nuvei Choosing the right global payment solutions can be challenging. The payment provider market is crowded. This blog focuses on Rapyd and Nuvei. We’re here to help you get some clarity about your options and understand the…
What Is JCB? JCB (Japan Credit Bureau) is a prominent global payment brand, originating in Japan. It offers credit card services and is widely accepted across Asia and other parts of the world. Known for its strong presence in Japan,…
What Are 7-11 Cash Payments? Cash payments at 7-11 refer to a convenient method where customers can pay for online purchases using cash at their local 7-11 convenience store. This payment method is particularly popular in regions such as the…
What Is Aura Card? Aura Card is a widely recognized credit card in Brazil, offering consumers the convenience of making purchases both online and in-store. It is particularly popular for its ability to support instalment payments, making it easier for…
What are Currency Codes? There are currently ~180 recognized currencies in use today. Each currency has a unique code and symbol that distinguishes it from others. Currency codes are standardised codes that represent countries’ respective currencies. The currency code is…
By leveraging Rapyd's Disburse platform, you can streamline cross-border payments from Denmark to suppliers, vendors or partners worldwide, taking advantage of Rapyd's global payment network and local payout capabilities. Rapyd's Disburse platform enables organizations to make payouts in over 190…
Amex: A Premier Payment Method for Your Business American Express, commonly known as Amex, is a global financial services company renowned for its credit card, charge card, and travel-related services. Amex cards are widely used, especially in countries like the…
What is FamiPay? FamiPay is a popular eWallet solution in Japan, enabling seamless and efficient transactions in Japanese Yen (JPY). It is tailored for the Japanese market, combining convenience and security for everyday use. Developed by FamilyMart, a major convenience…
What Is MCC 7922: Ticketing Agencies to Merchants A Merchant Category Code (MCC) is a four-digit number used by payment processors to classify a business based on the goods or services it provides. These codes, defined by the International Organization…
What is MCC 4722? The Merchant Category Code (MCC) 4722 is an identifier used in the payment processing industry, specifically designated for businesses operating as travel agencies and tour operators. Merchant Category Codes (MCCs) are four-digit numbers assigned by credit…
What is an MCC? In running a business, Merchant Category Codes (MCCs) are a fundamental part of financial transactions, influencing everything from processing fees to fraud protection. If you've ever set up a card program or accepted card payments, you've…
Minimise False Declines for Significant Gains Many businesses focus on reducing cart abandonment or optimising site performance to increase revenue, but these strategies don't always guarantee sales. Enhancing credit card acceptance rates (also referred to as Authorisation or “auth” rates)…
The Purpose of Merchant Codes Merchant category codes (MCC) are tools used by credit card networks to categorise business transactions. Credit card companies assign these four-digit numbers to classify businesses based on their primary goods or services. Some MCC codes…
What is a Payfac Model? Payment Facilitators, or PayFacs, are revolutionising traditional payment processing by enabling a simplified merchant acquisition process. Unlike traditional methods that require businesses to set up a direct merchant account with banks or payment processors, the…
What Is DANA ewallet DANA is a popular Indonesian digital wallet that facilitates cashless and cardless transactions through a mobile app. Launched in 2018 by a startup backed by Emtek Group and Ant Financial, DANA allows users to store funds,…
Empower Your Business with Global Payment Solutions Sending B2B payments to Curaçao is frictionless with Rapyd Disburse. Whether you’re paying suppliers, freelancers, or managing payroll, Rapyd provides an efficient and cost-effective solution tailored for your business needs.
Independent Sales Organizations (ISOs) play a pivotal role in bridging the gap between merchants and acquiring banks. If you're keen on diving deep into the mechanics of Independent Sales Organization payment processing or simply looking to familiarise yourself with it,…
What is Coins eWallet? Coins ph (Coins) eWallet is a popular digital wallet in the Philippines, providing a robust platform for a variety of financial transactions in the local currency, the Philippine Peso (PHP). This eWallet supports the financial inclusion…
Comparing Rapyd and Checkout.com In a market filled with payment service providers, choosing the right solution can be challenging. This isn’t just another competitor blog post. We’re going to provide clarity and help you understand the full scope of each…
What are the credit card decline codes and what do they mean? Credit card declined codes are specific codes assigned to transactions when a payment cannot be processed. These codes help identify the reason for the decline, whether due to…
Understanding Merchant Category Codes An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organization for…
What is MCC 7399? In the credit card industry, Merchant Category Code (MCC) 7399 is a broad classification used to group businesses that offer services not specifically defined by other MCCs. This category acts as a catch-all for various business…
Expand Your Business Reach For businesses operating in Cyprus, Rapyd offers a robust platform that facilitates transactions easily and efficiently. Simplify Payments and Payouts with Rapyd Leverage Rapyd Collect to effortlessly accept and manage payments both locally and internationally. Here’s…
Embrace digital payment platforms to accept B2B payments. Efficient B2B payment acceptance is crucial for any company's success in the digital age. Implementing the right payment solutions can transform business operations, from speeding up transactions to enhancing cash flow. A…
The Importance of Payment Flexibility Whether you're operating a small startup or a large enterprise, the ability to accept multiple payment methods online can significantly enhance your customer experience and increase your conversion rates. Customers worldwide have diverse payment preferences,…
Discover how merchants can capitalize on the European Union's Digital Markets Act (DMA) by exploring new payment processing options, developing independent payment systems, and partnering with innovative providers. The European Union's Digital Markets Act (DMA) is a groundbreaking law designed…
What is MCC 5122? Merchant Category Code (MCC) 5122 is designated for businesses primarily engaged in the wholesale distribution of pharmaceuticals, health and beauty aids, and related sundries. Credit card companies use this MCC to categorise transactions at establishments specialising…
Discover the key differences between Payfacs and ISOs in payment processing. Two key players in payment processing are ISOs and Payfacs. Understanding the difference between an ISO and Payfac is important for merchants looking for a payment solution for online…
Innovative businesses are using payment orchestration for high-growth payment solutions. Payment orchestration platforms are a new technology developed to tackle the growing complexity of payment processing, particularly for global businesses handling multiple payment gateways, methods, and currencies. These platforms are…
Choosing the Right Payment Platform for Competitive Global Growth Whether it’s accepting credit cards, sending funds overseas, dealing with international payrolls for content creators, or juggling multi-currency accounts, you need payment and payout solutions that are efficient, secure, and cost-effective.…
Sophisticated Scamming on the Rise Sophisticated online fraud is rising, preying on unsuspecting individuals and businesses. With new techniques emerging, vigilance and proactivity are essential. Our guide uncovers common fraud schemes and provides instructions for reporting fraud in the UK…
More Technology Invites More Fraud In the turbulent geopolitical environment of 2024, online fraud looms larger than ever. Today, fraudulent organisations wield sophisticated tools, exploiting the digital ecosystem's rapid evolution. According to Rapyd’s 2024 State of Payments: High-Opportunity Industries Report,…
What Is the Employment Allocation of Tips Act 2023? To ensure fair treatment of hospitality workers and transparency in tipping practises, the UK government passed the Employment (Allocation of Tips) Act 2023. Set to come into effect on 1 July…
Use these strategies to manage global payment fees. Reaching new markets is complex and managing expansion costs can be difficult. Unclear expenses, hidden fees and inefficiencies can quickly eat away at your profit margins. In our recent webinar, hosted by…
Exploring the benefits and drawbacks of accepting recurring payments online, plus two time-tested options for your business. Subscription models are a popular strategy for steady revenue and customer retention. But are they the best fit for your business? In this…
What Is Accounts Payable Automation and How Can It Streamline Payments? Traditional accounts payable (AP) operations are riddled with inefficiencies. Plowing through piles of paper invoices. Manually entering vast amounts of data into accounting systems. Checking (and double-checking) purchase orders…
The Power of Global ACH and RTP As payment methods advance from traditional banking to digital platforms, there is a shift towards faster, more reliable and cost-effective transaction solutions and a growing need for cross-border payment solutions like global ACH…
Make Every Click Count: Master Affiliate Marketing with Rapyd's Global Payment Solutions Affiliate marketers and online influencers have the ability to connect businesses with their ideal audiences. But platforms for affiliate and influencer marketing services face unique challenges when trying…
Why businesses need a directly licensed card acquirer. With the global digital payments market projected to reach 8.94 trillion USD by 2027, there’s a growing demand for payment service providers to facilitate seamless financial transactions worldwide. Payment service providers have…
Sending money to Visa and Mastercard debit and credit card holders is easier than ever. Businesses around the globe are turning to card payouts using Visa Direct and Mastercard® Send™ to accelerate the speed at which payouts are made and…
What is Merchant Onboarding? Merchant onboarding involves integrating your business with a payment service provider (PSP) or payment gateway. It is about setting up your business to securely and effectively manage customer payments. This process directly impacts operational efficiency, customer…
What are Merchant Services? Merchant services offer a variety of financial solutions that help businesses easily accept and manage electronic payments, focusing mainly on credit and debit card transactions. These services include secure payment processing, fraud prevention, payment management tools,…
The Emergence of Payment Service Providers The 1990s internet boom required new payment solutions for online transactions, sparking the growth of companies specializing in payment processing and gateways. By the 2000s, direct integration of merchants with these gateways had become…
Rise in Payment Popularity Initially utilized for purposes like loyalty schemes and marketing, QR codes have found their hold in the realm of contactless payments. Thanks to camera-equipped smartphones, QR code payments are a trending payment method for consumers, offering…
The Evolution of Merchant Acquirers With the development of eCommerce in the mid-1990s, the merchant acquiring sector underwent more changes. Banks like Wells Fargo and Bank of America led the charge by introducing online payment processing services. This separation of…
The Rise of QR Code Payments for Cross-Border Transactions Once a niche alternative payment method, QR codes are a rising payment staple worldwide. They've taken China by storm, capturing over 90% of the mobile payment market. In India, this scan…
Passport Required: Global Payment Processing for Online Travel Agencies (OTAs) Consumers are packing their bags; travel is back in a big way. The travel industry continues to experience a significant resurgence post-pandemic. Eager tourists and business travellers are again taking…