M11 | Bm2Pay https://www.bm2pay.com Unlimited Payments Solutions Sun, 28 Apr 2019 08:25:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.4 https://www.bm2pay.com/wp-content/uploads/2024/11/cropped-bm2pay-1-32x32.jpeg M11 | Bm2Pay https://www.bm2pay.com 32 32 MERCHANT ACCOUNT https://www.bm2pay.com/2019/04/28/merchant-account/ https://www.bm2pay.com/2019/04/28/merchant-account/#respond Sun, 28 Apr 2019 08:06:47 +0000 https://www.bm2pay.com/?p=3096 A merchant account enables businesses to process online credit and debit payments. Your payment gateway or payment platform deposits the funds aggregated from  credit card sales in that account. Based on your agreement with the payment processor, the funds are automatically transferred from your merchant account into your business bank account.   A merchant account is basically a receptacle for deposits. Due to the fact that merchandise sold online may sometimes be returned by the purchaser, you may be required to refund some of the funds, which constitutes a certain level of risk. In order to mitigate risk, returns are subtracted from whatever funds are in the merchant account at the time of the refund, after which the remaining amount is transferred to your bank account.   Payment gateways/platforms, which often collect deposits from a variety of sources, place all of the funds in your merchant account in the form of a single deposit, thereby streamlining payment processes and making reconciliation easier.    Image courtesy of freepik

The post MERCHANT ACCOUNT first appeared on Bm2Pay.]]> A merchant account enables businesses to process online credit and debit payments. Your payment gateway or payment platform deposits the funds aggregated from  credit card sales in that account. Based on your agreement with the payment processor, the funds are automatically transferred from your merchant account into your business bank account.  

A merchant account is basically a receptacle for deposits. Due to the fact that merchandise sold online may sometimes be returned by the purchaser, you may be required to refund some of the funds, which constitutes a certain level of risk. In order to mitigate risk, returns are subtracted from whatever funds are in the merchant account at the time of the refund, after which the remaining amount is transferred to your bank account.  

Payment gateways/platforms, which often collect deposits from a variety of sources, place all of the funds in your merchant account in the form of a single deposit, thereby streamlining payment processes and making reconciliation easier. 

 

Image courtesy of freepik
The post MERCHANT ACCOUNT first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/04/28/merchant-account/feed/ 0 MOBILE PAYMENTS https://www.bm2pay.com/2019/02/26/mobile-payments/ https://www.bm2pay.com/2019/02/26/mobile-payments/#respond Tue, 26 Feb 2019 19:28:32 +0000 https://www.bm2pay.com/?p=2484   With the widespread use of smartphones worldwide, payments are becoming an inseparable part of the mobile shopping experience. In some unbanked countries, like India and Africa, alternative mobile payments have replaced traditional banking services. Other countries, like China, have developed unique mobile apps such as WeChat, that enable social interaction as well as payments for everything from theater tickets to groceries in a single huge app. Mobile payments are a key component of a smooth user experience. To prevent shopping cart abandonment, online retailers must have the ability to offer customers the most familiar payment options for each market. READ MORE: 5 PAYMENT PREDICTIONS FOR 2019 A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS THE UNIQUE APPEAL OF ASIAN E-COMMERCE MARKETS 

The post MOBILE PAYMENTS first appeared on Bm2Pay.]]>  

With the widespread use of smartphones worldwide, payments are becoming an inseparable part of the mobile shopping experience. In some unbanked countries, like India and Africa, alternative mobile payments have replaced traditional banking services. Other countries, like China, have developed unique mobile apps such as WeChat, that enable social interaction as well as payments for everything from theater tickets to groceries in a single huge app.

Mobile payments are a key component of a smooth user experience. To prevent shopping cart abandonment, online retailers must have the ability to offer customers the most familiar payment options for each market.

READ MORE:

5 PAYMENT PREDICTIONS FOR 2019

A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS

THE UNIQUE APPEAL OF ASIAN E-COMMERCE MARKETS 

The post MOBILE PAYMENTS first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/mobile-payments/feed/ 0 MOBILE APPS https://www.bm2pay.com/2019/02/26/mobile-apps/ https://www.bm2pay.com/2019/02/26/mobile-apps/#respond Tue, 26 Feb 2019 19:26:19 +0000 https://www.bm2pay.com/?p=2481 Mobile apps are steadily gaining popularity and are being used for online banking, shopping, financial transactions, and many other purposes. Mobile apps should offer extensive payment options to make the user experience smooth and easy. It is recommended to design the apps responsively and offer offline features to maintain connectivity at all times. Retailers should be aware that mobile phones are susceptible to cyber attacks, and traditional passwords and codes are no longer capable of averting sophisticated hackers. Machine learning is now being applied together with behavioral biometrics to achieve more robust authentication capabilities. READ MORE: 5 PAYMENT PREDICTIONS FOR 2019 A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS  

The post MOBILE APPS first appeared on Bm2Pay.]]> Mobile apps are steadily gaining popularity and are being used for online banking, shopping, financial transactions, and many other purposes. Mobile apps should offer extensive payment options to make the user experience smooth and easy. It is recommended to design the apps responsively and offer offline features to maintain connectivity at all times.

Retailers should be aware that mobile phones are susceptible to cyber attacks, and traditional passwords and codes are no longer capable of averting sophisticated hackers. Machine learning is now being applied together with behavioral biometrics to achieve more robust authentication capabilities.

READ MORE:

5 PAYMENT PREDICTIONS FOR 2019

A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS

 

The post MOBILE APPS first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/mobile-apps/feed/ 0 MACHINE LEARNING https://www.bm2pay.com/2019/02/26/machine-learning/ https://www.bm2pay.com/2019/02/26/machine-learning/#respond Tue, 26 Feb 2019 19:24:05 +0000 https://www.bm2pay.com/?p=2478 Machine learning is an application of artificial intelligence (AI) that provides systems with the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning is currently being applied for website and mobile app user authentication to prevent fraud and identity theft. By using behavioral biometrics, the system is able to identify the user and continuously authenticate them without repeatedly requesting passwords or codes. This ensures a frictionless user and payment experience. READ MORE: 5 PAYMENT PREDICTIONS FOR 2019

The post MACHINE LEARNING first appeared on Bm2Pay.]]> Machine learning is an application of artificial intelligence (AI) that provides systems with the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning is currently being applied for website and mobile app user authentication to prevent fraud and identity theft.

By using behavioral biometrics, the system is able to identify the user and continuously authenticate them without repeatedly requesting passwords or codes. This ensures a frictionless user and payment experience.

READ MORE:

5 PAYMENT PREDICTIONS FOR 2019

The post MACHINE LEARNING first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/machine-learning/feed/ 0