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Minimum Order Amount
Most Popular • Marketing
Description
The minimum order amount refers to the lowest value of a purchase that a customer must make when using a payment gateway or placing an order from a business.
- Cost Efficiency: Helps cover transaction fees, especially for small purchases.
- Operational Efficiency: Reduces the number of low-value transactions, streamlining processing.
- Encourages Higher Sales: Can incentivize customers to buy more to meet the minimum requirement.
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