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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.) Android Pay, Apple Pay, Samsung Pay, etc.)

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Payment Gateway vs Payment Processor: What You Need to Know

Stax

No – requires a payment processor to complete transactions Yes – for in-person transactions; needs a gateway for CNP transactions Provided By Often bundled with eCommerce platforms (e.g., Shopify Payments, PayPal, Stripe) Often provided by banks or payment service providers (e.g., Q: When should I use a Payment Processor?

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The Ultimate Guide to Accepting Credit Card Payments

Stax

This can be done through a variety of channels, which include but are not limited to: Point of sale (POS) terminals Mobile pos terminals Mobile card readers Mobile apps Online payment gateways These channels enable businesses to accept payments securely and conveniently, no matter where or how their customers choose to pay.

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Everything You Need to Know About Credit Card Processing

Stax

Recurring Fees In addition to interchange, many providers make an extra profit by charging businesses non-mandatory merchant fees. 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.

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The Ultimate Guide to Online Payment Processing

Stax

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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Credit Card Processing for Small Business: Everything You Need to Know

Stax

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. We have also put together a list of the top three best credit card processing platforms for small businesses.

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All You Need to Know About Internet Credit Card Payment Processing

Stax

Learn More Cater to a Large Set of Customers The online payments process allows your business to accept credit card payments in an easy yet efficient way. Payment Gateways vs. Payment Processors: What’s the Difference? Stax, for example, supports multiple modes of payment.