Credit Card
What Is Post-Purchase Installment Conversion?
Post-purchase installment conversion lets credit card purchases and cash withdrawals be split into installments afterward for a fee. See the rules and limits banks apply.
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"conversion"
19 articles found
E-commerce
Tips to Improve Conversion on Payment Pages
Online shopping has become the norm, and a well-optimized payment page is one of the best ways to win customers back. This post shares 13 practical tips for reducing cart abandonment and increasing conversions on your e-commerce site.
ISO 8583
ISO 8583 Field Descriptions (F9)
DE 9, Conversion Rate, Settlement, carries the settlement conversion rate. It is an 8-digit numeric value: the first digit shows the decimal position from the right and the next 7 digits show the value.
Merchant & POS
What Is a Marked-Up Exchange Rate?
In payment systems, exchange rate information is used in two places: POS devices that support foreign currency transactions, and credit card transactions made in a foreign currency (usually abroad).
ISO 8583
ISO 8583 Field Descriptions (F10)
DE 10, Conversion Rate, Cardholder Billing, is an 8-digit numeric value. The first digit shows the position of the decimal point from the right, and the next 7 digits show the value.
Credit Card
What causes the difference between the Transaction Amount and the Amount Deducted from the Account in foreign transactions?
In foreign transactions the Transaction Amount is taken online from the customer's account, but what matters is the amount transmitted at clearing, so exchange rate fluctuations between the two moments can create risk for the bank.
Payment Systems
What is Foreign Currency POS? What are the key points?
Foreign Currency POS is the POS software that lets merchants process transactions in a foreign currency. Terminals without it can only collect payments in Turkish lira. It comes in two common forms: Multicurrency POS and DCC POS (Dynamic Currency Conversion).
Merchant & POS
Key Points to Watch for in Recurring Payments
Winning customers is one of the most important things in business, but keeping them satisfied matters just as much. If you collect payments at regular intervals, such as monthly, these tips will help you improve the success rate of recurring collections.
Online & Authorization
Is Entering the Name and Surname Mandatory on the Payment Page?
The payment page is one of the most important steps in whether customers complete a purchase. Asking for the cardholder's name is common practice, but it is not required to charge the card.
Merchant & POS
How Important Is the Checkout Page in Payments?
The checkout page is where an online purchase is completed, and cart abandonment is highest there. This post lists design tips: support all cards, limit transition pages, show security cues, allow guest checkout and remove distractions.
Security
We're Calling From the Bank, Your Account Has Been Compromised...
Fraud cases where scammers pose as bank staff or other institution employees to obtain citizens' banking information have increased significantly recently. Interestingly, the new fraud trend closely mirrors the steps of a genuine banking procedure.
Credit Card
What Are the Advantages and Disadvantages of a Credit Card?
Credit cards can be a convenient way to manage income and expenses, but for those who don't know how to use them, they can become an expensive and risky product. Here are the key pros and cons to weigh before applying for one.