General Payment Industry Concepts
The customer is the one who receives the card from the issuer. They initiate the transactions by purchasing goods or services from the merchants. The...
Fri, 2 Mar, 2018 at 5:39 PM
The interchange fee is paid by the merchant to the acquirer for processing transactions. The pricing for this fee can be either following the interchange ++...
Fri, 19 Jul, 2019 at 3:53 PM
The blended rates are a pricing model for the interchange fees charged by the acquirers for processing transactions on behalf of the merchants. Unlike ...
Mon, 22 Jan, 2018 at 1:18 PM
Dynamic Currency Conversion (DCC) is a process where the amount of a Visa/MasterCard transaction is automatically converted into the currency of the payment...
Mon, 22 Jan, 2018 at 1:18 PM
Multi-currency pricing is a process whereby the customer can choose from a menu the currency of the transaction. The customer is presented with the price of...
Mon, 22 Jan, 2018 at 11:16 AM
APEXX is an acquirer agnostic technical payment service provider. This means that we are able to consult merchants with regards to their payments landscape....
Mon, 22 Jan, 2018 at 1:25 PM
The lifecycle of a card transaction begins when the cardholder clicks Pay on the merchant website, or when a subscription payment becomes due and is trigger...
Tue, 5 Jan, 2021 at 3:44 PM
APEXX returns transaction status codes in transaction responses. You may also see these transaction status codes in reports and dashboards on the merchant p...
Fri, 25 Nov, 2022 at 11:28 AM
How transactions in foreign currencies are settled depends on the agreement a merchant has with their acquiring bank. Payments may be settled in the sam...
Tue, 5 Jan, 2021 at 3:51 PM