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StraitsX Enables Stablecoin-Based Payments for Tourists at GrabPay Merchants

Fintech News

The use of PBM is expected to keep payment processing costs consistent for GrabPay merchants and international payment apps within the Alipay+ ecosystem. The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain.

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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts. Which one should you choose?

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NetSuite Payment Methods: The Collection Tools That Actually Work

EBizCharge

From credit card payments to electronic funds transfers, knowing which methods to implement can significantly impact a companys financial health. Customers can make payments quickly, and businesses can process these transactions without hassle.

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Nuvei Secures Retail Services Category II License From the Central Bank of the UAE

Fintech Finance

The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers.

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Understanding Interchange Fees: A Canadian Merchant’s Guide

Clearly Payments

By employing a combination of these strategies, merchants can navigate the complexities of interchange fees and work towards optimizing their payment processing costs while ensuring a seamless and secure payment experience for their customers.

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What Is a Convenience Fee & Should You Charge It?

Payment Savvy

This fee compensates for these alternative methods’ higher processing costs and potential risks. Pros and Cons of Charging Convenience Fees Pros: Offset Processing Costs: Convenience fees help you recoup the costs of processing non-standard payment methods. appeared first on My Payment Savvy.

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What is B2B Payments Processing and How Do You Implement It?

Stax

ACH payments ACH payments, sometimes known as EFTs (electronic funds transfers) or echecks , are made through an Automated Clearing House that acts as an intermediary between bank accounts to complete bank transfers. Read the section B2B processing costs below to learn more.) These are the most common: 1.

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