Tap to Pay: What It Is and How It Works
Stax
NOVEMBER 13, 2023
In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards. Payment aggregators Payment aggregators, such as PayPal, have a unique system that doesn’t require businesses to set up a merchant account. This makes businesses sub-merchants under PayPal’s own merchant account.
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