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Glossary: 117 software-led payments terms to know

Payrix

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. a magnetic stripe reader, mobile phone, etc.) Regulated with fraud An additional $0.01

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Payment Gateway vs Payment Processor: What You Need to Know

Stax

Payment processors are companies or financial institutions that handle credit card and debit card transactions and are used for both brick-and-mortar and online store sales. Without a payment processor, your business won’t be able to accept card transactions.

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Everything You Need to Know About Credit Card Processing

Stax

These fees can be seen frequently on your monthly statement, but such monthly fees are never actually required in order to accept credit card payments. This means you’ll be able to accept chip cards as well as contactless payment methods like contactless cards and digital wallets like Google Pay or Apple Pay.

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8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

Making it all work together puts a massive strain on the development team. With Square, you can accept payments from your online store, in-person, or via social media. Beyond payment processing, Square also offers solutions for: Virtual terminals (so you can accept credit card payments using your computer).

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Glossary: 117 software-led payments terms to know

Payrix

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. a magnetic stripe reader, mobile phone, etc.) Regulated with fraud An additional $0.01

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The Ultimate Guide to Online Payment Processing

Stax

Digital wallets Digital wallets let your buyers make online payments quickly and securely via any internet-connected device using pre-stored financial details. They are popular with buyers under 35 years of age and must be part of the mobile payment methods you support if your target audience falls within that demographic.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

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Develop and Maintain Secure Systems and Applications Security vulnerabilities in applications and systems are common entry points for attackers. Organizations must develop and maintain secure systems and applications by implementing a process for identifying and addressing vulnerabilities.