Payment Processing Industry

PayAdmit ⭐ Want to know about the payment processing industry? ✅ Read our article to learn about the payment processing ecosystem, its key players, and how it works

What is FinTech?

FinTech is one of the fastest-growing areas in the financial industry. Its key task is to make finance more accessible to private and corporate clients. FinTech involves the development of innovative solutions in the financial sector, which makes it more user-friendly and more accessible to all parties. We will tell you what financial technology is and how it works.

What Does Payment Processing Mean? Definition and Key Terms to Know

Cash is gradually becoming a thing of the past and giving way to online payments. E-commerce platforms actively use them. However, before you connect online payments, you need to consider a number of nuances. To make the right choice, it is important to know how to process payments in general, what processing means, and what types of payments can be processed. Let's talk about what online payments are and answer users' main questions.

Cryptocurrency: most popular types of coins

When it comes to cryptocurrency, usually we think about Bitcoin. It has been several years since Bitcoin entered the scene and became the most popular type of cryptocurrency globally. However, despite its legendary status in the industry, this is not the final word on cryptocurrencies. There are currently over 7,000 cryptocurrencies to choose from, and many more tokens issued on the Ethereum blockchain.

What Is an Internet Merchant Account?

Any modern online store accepts bank cards. If you intend to start your own business, you need to know how accepting and processing payments work. One of the most important aspects of accepting payments from debit and credit cards is a merchant account. This is a special account opened for each online store before connecting payment services to it. Let's talk in more detail about what a merchant account is, how it works and what you need to pay attention to before opening.