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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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Payment Gateway vs Payment Processor: What You Need to Know

Stax

Payment Gateway Payment Processor Primary Function Secures and transmits card data between the customer and the processor Facilitates the actual movement of funds between the customer’s and merchant’s banks Used For Online or card-not-present (CNP) transactions (e.g. What Is a Payment Gateway?

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Everything You Need to Know About Credit Card Processing

Stax

They typically assist with technology needs and customer service as well, acting as an intermediary to the card associations and banks. per transaction; 3.5% + 15¢ for key-in and scanned cards Varies; 1.8-3.5% per transaction +15-30¢ per transaction Card-Not-Present Processing Pricing $99/month + 15¢ per transaction + interchange.

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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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The Ultimate Guide to Online Payment Processing

Stax

Some also have the bad habit of imposing hidden fees carefully buried in the contract document that can add up over time to eat up your cash flow. Setup fees, chargeback fees, and contract cancellation fees are examples of hidden fees. To make your case, you must first do your research and develop a winning negotiation approach.

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Stripe Connect Alternatives: Top 11 Alternatives for 2025

Natalia Luneva

Stripe Connect is a comprehensive payment processing solution designed to cater to the unique needs of platforms and marketplaces. As a part of the broader Stripe suite, it facilitates digital transactions and enables businesses to accept credit card payments and manage complex money flows.