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Prithiv Sassisegarane in NanoNets

Nov 15, 2023

What Are Payment Processors and How Do They Work?

Payment processors are financial institutions that help merchants accept credit, debit and other forms of electronic payments. They also facilitate ACH (automated clearing house) transfers, which are electronic transfers between banks. In…

Prithiv Sassisegarane in NanoNets

Oct 17, 2023

What is an Early Payment Discount?

Accounts Payable teams have an incentive to delay payments until the last acceptable dates. This allows for a high cashflow and treasury management. However, this isn’t universally true.

Prithiv Sassisegarane in NanoNets

Oct 15, 2023

PayPal vs Stripe: Which is best?

Are you looking for a payment processor for your business? If so, you may be wondering which payment processor to select for your needs. PayPal and Stripe are one of the most popular payment processors.

Prithiv Sassisegarane in NanoNets

Oct 10, 2023

Bank Remittance: How It Works and What to Consider?

A bank remittance is a payment sent to a bank, typically in another country, for the purpose of financing a purchase or other transaction. Bank remittances are often used to pay for goods or services, or to transfer money to friends and…

Prithiv Sassisegarane in NanoNets

Oct 1, 2023

What Is A Payment Service Provider (PSP)?

A payment service provider (PSP) is a company that provides online payments for e-commerce, similar to a credit card processor in a brick-and-mortar store. PSPs are usually used by merchants who sell online, although some may also provide services for…

Prithiv Sassisegarane in NanoNets

Sep 30, 2023

What are SWIFT Payments and How Does It Work?

In today’s interconnected world, the swift and secure transfer of funds across borders is essential for international trade and finance. SWIFT is a crucial player that facilitates this process. SWIFT is the most common and widely adopted wire…

Prithiv Sassisegarane in NanoNets

Sep 29, 2023

Guide to Streamline Vendor Payments

According to the American Productivity and Quality Center (APQC), the world’s top performing organizations receive an invoice and schedule payment in 2.8 days or faster. But bottom-performing organizations take a week or more, and this metric — the cycle time between…