PayPal is a strong payment system that many people across the globe rely on. Increasingly, more PayPal alternatives are appearing, enabling consumers to try a new way to pay. Different online payment service providers have different advantages. Some are cheaper or more reliable, others offer simplicity and flexibility. When it comes to eBay, PayPal has an immense presence in this...
Walmart Pay was first launched in December 2015. It is now officially available in all 4.600+ Walmart stores across the US. Walmart Pay is developed to provide a more inclusive in-store shopping and payments experience to its customers. Walmart Pay The QR code used in the checkout process is not used for payment processing. In fact, it provides consumer authentication...
In 2015, MasterCard set its Universal Financial Access 2020 goal to connect 40 million micro and small merchants to its electronic payments network in the upcoming 5 years. MasterCard’s Universal Financial Access 2020 Commitment Since 2013, over 200 million people, who were previously excluded from MasterCard’s financial mainstream, have gotten access to programs and services provided by the company. The...
E-wallets are believed to become the most popular method for making online payments. According to some viewpoints, these methods or alternative payments include direct debits, bank transfers, cash on delivery, e-wallets and e-invoices, and also carrier billing, postpaid, prepaid and digital currencies. Alternative Payments Defining alternative payments as everything except credit cards may sound confusing. Basically, payments are categorized into...
Merchants have a few options when it comes to setting up their merchant accounts. Gone are the days where they had to beg a bank for a piece of the action and a reasonable rate for account management. Because of advances in technology, merchants can decide between setting up a standard merchant account and using mobile processing to manage account...
Doctors who treat older Americans were deeply relieved after the Sustainable Growth Rate (SGR) formula was repealed in May, earlier in the year (2015). The SGR would have caused unnecessary cuts to Medicare payments which would have only hurt the physician-patient relationship. By replacing the backward payment strategy, patients under the Medicare program can now pay their physicians through advanced...
Are you thinking about starting your own financial loan or retail business? Then there are many things you will have to line up before experiencing the enormous profits that result from a successful loan enterprise. Technology, financial models, and advertising methods must all be considered when you start this type of business. In addition, how your customers will pay and...
The newest market for payments might surprise you. Payments have and continue to evolve considerably. Watches and fitness trackers, for example, now have payment capability. This has led to the thought, why not cars too? Cars are getting smarter and smarter, thanks to the internet and the numerous apps that continue to make it easier and easier to be connected....
BitCoin is something that hasn’t been in the news as of late. This could be for many reasons, but one of the most significant is that it isn’t the only alternative payment source around anymore. There are currently over 100 alternative payment processing solutions, and that is just in the United States and Canada. While they may all look the...
The mobile revolution has been coming for a long time. And now that it is here, many in the tech field are predicting the abandonment of current payment methods in favor of mobile payment systems like Apple Pay. But so far, this has not been the case. Consumers are still using the same payment methods of the past – mostly...
