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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

At its core, payment processing involves various players and technologies to facilitate the movement of funds from customers to merchants securely and efficiently. Digital payments only take a few seconds, but they flow through many different layers of partners and technology. What is a Payment Gateway?

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What Is a Credit Card Surcharge?

Stax

Surcharge vs Interchange Fee The interchange fee is the amount a merchant pays to the card-issuing bank whenever a customer makes a purchase using a credit or debit card. This is to cover the risk of fraud, bad debts, handling costs of the money, and the merchant’s bank account.

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article thumbnail

What Is a Credit Card Surcharge?

Stax

Surcharge vs Interchange Fee The interchange fee is the amount a merchant pays to the card-issuing bank whenever a customer makes a purchase using a credit or debit card. This is to cover the risk of fraud, bad debts, handling costs of the money, and the merchant’s bank account.

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How to Acquire a $400B World-Class Company by WePay (Video + Transcript)

SaaStr

WePay is a payments company for platform businesses like marketplaces, crowdfunding sites & small business software. Chase Merchant Services that we’re now a part of processes $1.2 You think about for a small business customer, great to be able to process payments, great to have a bank account.