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Glossary: 117 software-led payments terms to know

Payrix

Master merchant Payment facilitator that becomes the merchant of record on behalf of a network of smaller merchants (sub-merchants) or billing companies that regularly collect payments; key markets for master merchant networks include government, education, utilities, and nonprofit organizations.

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Everything You Need to Know About Credit Card Processing

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Cardholder: The customer who owns the credit card being used for purchase. Card Association: Visa, Mastercard, American Express, and Discover. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks.

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The Price of Convenience: Is There Such a Thing as Free Credit Card Processing?

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Help them to understand the purpose: By clearly communicating that surcharging is intended to cover the costs associated with accepting credit card payments, businesses can easily help customers understand why the additional fee is applied. Legal and compliance factors to consider: Each of the major card networks (e.g.,

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The Ultimate Guide to Online Payment Processing

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You need the services of a reliable payment service provider to securely accept and process card payments and the right provider for you will be one that supports your preferred payment methods, sales model (one-time payments or subscriptions), and geographical reach (international sales).

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Visa Interchange Rates 2024: What You Need to Know

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If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B cards currently in use. So it’s virtually impossible for a business to not accept Visa cards.

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Glossary: 117 software-led payments terms to know

Payrix

Master merchant Payment facilitator that becomes the merchant of record on behalf of a network of smaller merchants (sub-merchants) or billing companies that regularly collect payments; key markets for master merchant networks include government, education, utilities, and nonprofit organizations.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

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The PCI Security Standards Council (PCI SSC) has robust measures to protect cardholder information and prevent unauthorized access, fraud, and data breaches. It’s mandatory for all merchants and service providers that accept credit card payments. Q: What regulations apply to payment processors?