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Payment Gateway vs Payment Processor: What You Need to Know

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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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Glossary: 117 software-led payments terms to know

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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.

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All You Need to Know About Internet Credit Card Payment Processing

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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? Whats your model, your strategy? Evaluate your current business model.

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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. For example, businesses with a history of chargebacks should implement strategies to reduce disputes.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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What is mobile credit card processing? Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. Popular mobile payment solutions include Square, PayPal Here, and Shopify POS.

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What Is Tiered Pricing in Credit Card Processing?

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Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide.

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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.