Remove Banking Remove Marketplace as a Service Remove Payment Features Remove Stax
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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

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Digital payments only take a few seconds, but they flow through many different layers of partners and technology. Consider the following: Merchants are the sellers, businesses, or service providers seeking payment for their offerings. What is a Payment Gateway?

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What Is an ACH Payment Facilitator?

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Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA).

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What are Merchant Accounts and How Do They Work?

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But to accept payments seamlessly and securely, you need a merchant account. A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards.

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How Much Do Credit Card Companies Charge Merchants?

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As well as improving profit margins, these activities can also enhance the customer experience and give merchants a competitive advantage in the marketplace. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis.