ODFI vs RDFI If you have a business that processes payments, it’s likely that you have encountered the terms RDFI and ODFI. They are among the many acronyms in the banking world that can often frustrate ...
What is an ITIN Number Filing taxes for your business or yourself can be confusing. With so many different tax ID numbers, it can be hard to figure out which one to use. For example, what is an ITIN, who ...
Merchants will notice that there are different names for the various partners they work with. Most transactions go through different organizations before the funds can be settled. This can be confusing, ...
Gunbroker Payment Options Selling merchandise on Gunbroker can be more challenging than on other non-firearm platforms. Sellers must maintain compliance by registering with Gunbroker by meeting all their ...
What is a Billing Cycle A billing cycle is the time period between payment due dates for a subscription service. There are different lengths for billing cycles and different reasons for which a merchant or ...
What is an RDFI? Learning banking terminology may not be at the top of your bucket list, but it can be a valuable education for any business owner. Knowing the entities involved in ACH transactions and ...
Shopping Carts If you sell or buy products online, you’re probably already familiar with the concept of a shopping cart. When you’re ready to add one to your website, this guide will help walk you through ...
Online Payment Methods Online payments have become increasingly popular over the past few decades as more and more consumers prefer to pay for goods and services online. With the rise of e-commerce, online ...
What is an ODFI It’s no secret that the banking industry has an endless list of acronyms that can make it difficult to understand what’s happening. For example, “ODFI” is one of those acronyms. It stands ...
EIN vs TIN Do the acronyms TIN and EIN make your head spin? Are you confused about the difference between the two? Join a large majority of other people in this country! Here, we’re going to dive into TIN ...