For those that are involved in the payments industry it is so easy to get lost in the technicalities of the solution that we forget some very basic principles: Customers do not jump out of bed in the morning saying “goodie, goodie, I am going to make payments today!” What they want is […]
Some (mis)perceptions – and the reality of Tap-on-Phone Read More »
According to Expert Market, the latest chargeback fraud statistics are as follows: A customer who is successful in filing – and winning – a chargeback dispute is nine times as likely to initiate another one. 40% of consumers who file a chargeback will do it again within 60 days. 81% of customers admit to ‘convenience’
Wizzit Tap-on-Phone can reduce Chargeback fraud Read More »
We have recently heard the news about Apple entering the Tap-On-Phone market. As more and more merchants and SME’s move away from cash, the use case of utilising your phone as a POS (Point of sale) device becomes extremely relevant and valuable for these businesses. We have been asked on many occasions, what do we
Apple entering the SoftPOS World Read More »
According to a 2021 study by Juniper Research, the global number of smartphones being used for Soft POS payments will increase from 3.2 million in 2021 to almost 24 million in 2026. Soft POS represents an incredible opportunity to connect increasing consumer demand for new payment choices with a growing number of merchants seeking a
The use case for Mobile phones as POS Read More »
As a small business looking to accept card payments, it is crucial to understand what a merchant account is, why it is needed and how it works. A merchant account is an account that holds the trader’s money from their card sales before it transfers to their business bank account. The movement of these funds
Understanding a Merchant Account Read More »