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Payment processor: Definition, types, and examples

Payrix

With the rise of Embedded Payments, payment processors have a new role as a powerful sales tool for software companies that strive to become the everything platform empowering them with essential digital finance tools to manage and grow their business as well as generate new revenue streams. Learn more about Embedded Finance.

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Payment processor: Definition, types, and examples

Payrix

With the rise of Embedded Payments, payment processors have a new role as a powerful sales tool for software companies that strive to become the everything platform empowering them with essential digital finance tools to manage and grow their business as well as generate new revenue streams. Learn more about Embedded Finance.

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Master merchant: Definition, types, and examples

Payrix

A master merchant, often referred to as a payment facilitator or merchant aggregator, is a third-party agent that acts as the link between acquirers and online merchants. The master merchantis the primary account holder for a payment processing system, overseeing and managing multiple subordinate accounts, often referred to as sub-merchants.

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Glossary: 117 software-led payments terms to know

Payrix

Interchange data (level 2 & level 3 data) Interchange (level 2 & level 3) data refers to specific transaction info submitted by merchants during transaction processing, aiding credit card companies in categorizing payment processors for various interchange rates. Digital wallet A digital wallet refers to an electronic device (e.g.,

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Independent sales organization (ISO): Definition, FAQ, and resources

Payrix

An independent sales organization commonly referred to as an ISO is a third-party organization that sells products or services on behalf of another organization. In the payments world, an ISO will partner with a payments provider to sell their merchant services to businesses. Learn more about Embedded Finance.

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