ShopBack Pay is an online payment method offered by ShopBack, a Singapore-based cashback platform. ShopBack Pay allows users to make online purchases and earn cashback on their purchases. Here’s how the ShopBack Pay payment method works:
– Registration: First, users need to sign up on the ShopBack website and create an account. Once registered, they can link their bank account or credit/debit card to their ShopBack account.
– Search and Select: Users can browse the available offers on the ShopBack website and select a retailer or service from which they want to make a purchase.
– Redirect to Retailer’s Website: When users click on a cashback offer on the ShopBack website, they are redirected to the retailer’s website where they can proceed with their purchase.
– Online Purchase: Users make their online purchase on the retailer’s website as they would normally do.
– Cashback: After making an eligible purchase, users receive a percentage of the purchase amount as cashback. This cashback is typically credited to their ShopBack account.
– Withdrawal of Funds: Once the ShopBack account balance reaches a certain threshold, users can withdraw their cashback and transfer it to their linked bank account or credit/debit card.
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NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.
What are the risks associated with cross-border payments?ibenot2023-04-18T18:57:21+02:00
Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.
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