Every time a customer pays online using a credit card, debit card, UPI, net banking, or a digital wallet, a…
What is an Escrow Account? Meaning & Definition An escrow account is a temporary secure account where a third party…
Import Export Code (IEC) is a mandatory 10-digit business identification number issued by DGFT for businesses importing or exporting goods…
Series A funding is the first major institutional funding round in a startup’s journey, where venture capital firms invest in…
An integrated payment system connects your payment gateway with your business software, such as an ERP, CRM, or accounting platform,…
A Merchant Category Code (MCC) is a four-digit code that identifies your business type for card payments. It influences transaction…
TL;DR Monthly Recurring Revenue (MRR) is the predictable monthly income generated from subscription customers. It helps SaaS and subscription businesses…
Venture Capital (VC) is equity funding provided to startups with high-growth potential. Unlike loans, VC doesn’t require repayment. Investors receive…
TL;DR A proforma invoice is a preliminary invoice shared by a seller before a sale is finalized. It provides buyers…
A virtual account is a digital account number linked to your business bank account that enables automated payment collection and…