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Credit Card Payments, Online Payments & More

What is a fixed reserve and situations when you need it

A reserve is an amount of cash retained by the payment provider or acquiring bank. This is due to the risk associated with a merchant account. Therefore a fixed monetary amount retains indefinitely and we call it a fixed version of reserve. As opposed to a rolling reserve, funds in a fixed reserve are never released, thus it brings further disadvantages to a merchant.

Acquiring bank and acceptance of online payments

An acquiring bank – also known as an acquirer. It is a bank or a financial institution that processes credit and/or debit card payments. These payments are for products or services on behalf of an online merchant. Acquiring Banks accept transactions from the card-issuing banks within an association being Visa, MasterCard, Discover, American Express, Diners Club, JCB and others.

Prevent Credit Card Fraud – better than cure

Credit card fraud has received much attention in the recent past. According to recent stats, more than $16 billion losses have been accounted for the banks during 2015 as a result of credit and debit card fraud activities. In fact, it has the potential to create a tremendous financial impact on any business. Therefore, to all merchants and retailers, be aware of this and how to prevent credit card fraud.

E-wallet: An introduction, how do they work?

What is the use of an ewallet? Well, merchants or buyers use ewallets to keep electronic money, just in the same way that one would keep his or her physical money in a physical wallet. Once funds are stored in your ewallet, you can then use your ewallet to purchase from thousands of web sites selling anything from tangible products, services and also entertainment, such as betting, poker and so forth.

Some of the most widely used ewallets are MoneyBookers, Neteller and EcoCard. Several online shops and also online casinos accept them. All merchants who sign up for such ewallet accounts via Areto Systems benefit from very significant reductions in processing fees and setup costs. Also, Areto regularly seek to increase their partners by partnering with other valuable e-wallets.

Applying for an online gambling license in Malta

Malta has one of the most prestigious, globally recognized and well-regulated gambling laws, known to be well-efficient and strict in preventing any illegal activity, money laundering for instance. The Malta online gambling license is recognized in several major developed countries. Before applying for gambling license in Malta, you should consider reading this article.

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