- Email:Applications@purepay.eu
- Phone:+44 2080 898335
05 Apr
IBAN: How Does It Work, And What Differs it from a SWIFT code?
In one of our previous articles, we already briefly discussed the necessity of an IBAN and how to obtain one. Today, we will cover this topic in more detail. In this article, we will explain how IBANs work and the differences between an IBAN and a SWIFT code. What is an IBAN? An IBAN or
31 Mar
What Is a Rolling Reserve and Why Do Online Merchants Need It?
We have already briefly mentioned rolling reserves in one of our previous articles. However, today we will be covering it in more detail. This article will explain why a rolling reserve is an important tool for online merchants and some of its advantages. Rolling Reserve Explanation A rolling reserve is a strategy to take care
23 Mar
All You Need to Know About 3D Secure
In one of our previous articles, we’ve examined some essential benefits of the 3D Secure protection for online merchants. Today, we’re going to dive deeper and explore the three-domain structure in more detail. What Is Three-Domain Secure? The three-domain secure method consists of three elements involved in an online transaction: an acquirer, issuer and interoperability
15 Mar
Multi-Currency Payments: Everything You Need To Know
Ongoing technological growth is opening new doors for the e-commerce industry. Digital payments, artificial intelligence, machine learning, multi-currency cards and real-time cross-border payments were some of the dominant card and payment trends of 2020. The popularity of electronic payments is growing every year, and multi-currency e-commerce merchants have been encountering multiple payment challenges. If you
08 Mar
What Is an Issuing Bank and How Does It Differ From an Acquiring Bank?
In a previous article, we covered some useful information about internet acquiring, what an acquiring bank is, and its role in the transaction process. Today, we will explain what an issuing bank is, its role for customers and e-merchants, and how it differs from an acquiring bank. What Is an Issuing Bank? From the customer's
01 Mar
What Are Electronic Payment Systems: Methods and Types
Nowadays, e-payments are an essential part of any e-commerce business and their popularity is growing rapidly. According to statistics, digital payments are projected to grow even further in 2021. In today’s article, we will tell you about electronic payment systems in general as well as e-payment methods and types. What Are E-payments? The term e-payment
22 Feb
How Is Address Verification Service Saving Online Payment?
Address Verification Service, or AVS, is a tool that helps online merchants authenticate the possession of a card by a particular customer. In this article, we would like to tell you about AVS in detail and particularly about how the service can secure online payments. What Is Address Verification and How Does AVS Work? Address
20 Feb
What Is an Acquirer and How Does the Internet Acquiring Work?
Nowadays, digital payments are growing in popularity as they are becoming a new reality. Therefore, being able to process card payments is essential for any online business’s competitiveness and profitability. For merchants to start accepting payments on their website, they need to sign a contract with an acquirer. If you’re not yet familiar with this
20 Feb
The ABC of Cryptocurrency for Online Merchants
Cryptocurrency has become very popular nowadays as the number of people using it for payments is increasing. Well-known cryptocurrencies as Bitcoin, Ethereum, and Litecoin are showing high growth and instill confidence in the success of cryptocurrency as a whole in the future. According to statistics, the number of daily transactions of Ethereum has increased by
01 Feb
What Is Card Security Code and Why Is It So Important?
Like a card number, a card security code (CSC) is an essential feature to guard online transactions. Moreover, it helps to boost purchasing by increasing the safety and confidence of consumers. As for the merchants, CSC is a useful option to prevent fraud and chargebacks. We’ve conducted a guideline where you can find all the
25 Jan
Online Payment Security FAQ
As the global e-commerce market is expanding, scammers learn new techniques to exploit online payment systems. In their turn, most companies try to protect customers from various attacks by unprincipled cybercriminals. Online payment security is an essential part of running and maintaining a loyal customer base. If your customers feel unsafe entering their payment data,
21 Jan
Everything you Need to Know About 3D Secure 2.0 and 2.2 Protocols
A 3D Secure protocol is the solution to many payment security issues. The improved 3DS protocol represents a step forward for e-commerce, as the old-fashioned methods of password verification have been replaced by biometrics. This payment security method is perfect for both low and high-risk industries and provides the best payment experience for customers. In
11 Jan
All You Need To Know About Credit Card Processing Fees
It is essential for merchants to adapt to the changes in the e-commerce industry by accepting various types of credit cards. However, for every payment provided with a card, payment processing fees may get a toll on the total company’s profit. To help merchants choose the best option and be ahead of the game, we
09 Jan
Credit Card Processing For Small Business
Cash inflow is the priority of all businesses, either small or big. Small businesses tend to have a lower influx of funds when compared to big ventures. The use of credit cards is on the rise: they are convenient for customers, but can be expensive for merchants. Moreover, getting a credit card processor often proves
28 Dec
Payment Industry Trends In 2020
As we come to the end of the year, we usually look back and ensure we did not miss anything important. With the emergence of Сovid-19, the physical distance has brought us to a new technological level. Let us talk about some of the most remarkable payment industry trends in 2020. We shall also examine
