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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. eCheck, PayPal, etc.)

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The Ultimate Guide to Online Payment Processing

Stax

Popular digital wallet brands include Apple Pay, Google Pay, Samsung Wallet, PayPal Digital Wallet, and Venmo. The anonymity offered by cryptocurrencies is their main draw, but they are volatile due to constantly changing exchange rates and are subject to intense scrutiny by government regulatory institutions.

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Best Document Management Software

Neil Patel

Estimates, proposals, contracts, invoices—documents are the base layer of every business relationship. Drag and drop your way to a show-stopping proposal that includes videos, or draw up the perfect contract with a signable field. Integrations with PayPal and Stripe allow you to get both signature and payment in a single step.

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Everything You Need to Know About Credit Card Processing

Stax

These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. If your company provides a service rather than a product, it’s always a good idea to have a contract in place that details exactly what the payment is for, minimizing the risk of confusion over delivery and payment.

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Digital River Alternatives for 2024

FastSpring

Companies can serve as their own MoR, but many opt to outsource that responsibility to a company like Digital River or FastSpring to sell goods and services on their behalf. PayPal for Business PayPal is a well-known digital wallet for personal online payments, but they also offer a payment processing option for small business.

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Best SSL Certificate Provider

Neil Patel

This way, people know that they are in fact sending their information to PayPal, for example, and not someone who has set up a fake PayPal site. Like other SSL certificate providers, you have to sign a longer contract to get the lowest price. The SSL certificate encrypts the data travelling between your website and visitors.

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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. eCheck, PayPal, etc.)