Remove Accept Credit Card Payments Remove Technical Review Remove Wireless
article thumbnail

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. E2EE is a generic term to describe solutions that encrypt data from one endpoint to another endpoint.

article thumbnail

How to Find the Right Credit Card Terminal for Your Business

Stax

Wireless terminals Wireless terminals are similar to mobile card readers in that these terminals offer mobility. Merchants who accept mail, telephone/fax, or online orders can send the credit card information to the terminal (via keyed in transactions) in order to process the sale.

article thumbnail

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. E2EE is a generic term to describe solutions that encrypt data from one endpoint to another endpoint.