The C2C (Consumer-to-Consumer) business model involves transactions between two consumers. This type of commerce is typical of intermediary auction websites such as eBay, Etsy and Craigslist, but the site does not take responsibility for the quality of the products. In C2C transactions, prices are negotiable and the purchasing process is...
C2B
C2B, which stands for Consumer-to-Business, is a system in which an end user or consumer provides a product or service to an enterprise, which then uses it to complete a business process. Another C2B model is when a consumer allows a business to market a service or product on their...
CORRESPONDENT BANK
Correspondent banks are financial entities that serve as agents on behalf of other financial institutions, often foreign banks. Correspondent banks may handle foreign exchange, manage international investments, facilitate international trade and provide other services to the foreign bank in exchange for a fee. Foreign banks avail themselves of the services...
CONTACTLESS PAYMENTS
Investopedia defines contactless payments as a secure method for consumers to purchase products or services via debit, credit or smartcards (also known as chip cards), by using RFID technology or near-field communication (NFC). When making a contactless payment, the user taps their card near a point-of-sale terminal. This type of payment...
CRYPTOCURRENCY
Blockgeek defines cryptocurrency as a digital currency built with cryptographic protocols that make transactions secure and difficult to fake. Cryptocurrencies are decentralized, meaning they are not subject to government control or regulations. Thus, transfers can be made with low processing fees through the use of public and private keys for security...
CROSS-BORDER PAYMENTS
When expanding to global markets, merchants often encounter rising processing costs, lower conversion volumes and high fraud rates. Payment processors that were affordable and effective in your native market may be showing poor performances in new locations. Local taxes and regulations of which you were previously unaware may be cutting...
CREDIT CARD DECLINES
Credit card declines can have considerable negative impact on an online business. Credit cards may be declined for several reasons aside from the obvious one of insufficient funds. Sometimes the decline may be caused by a simple mistake - the card holder may have keyed in the wrong card number...
CONVERSION RATES
A conversion rate is the method which online retailers use to compare the total number of visitors to a website with the number that actually becomes paying customers, subscribers or users. When it comes to cross-border ecommerce, conversion rates may be affected by various factors such as complex user experiences,...
CREDIT CARD CHARGEBACKS
A chargeback is a protective measure credit card issuers offer cardholders, which enables the cardholder to dispute a charge. Chargeback policies exist to protect the customer, but, when abused, can cause a wide range of problems for merchants, including the loss of money, resources, time and the customer. Chargebacks can...