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Payment processor: Definition, types, and examples

Payrix

A cardholder initiates the payment for a purchase or service to the merchant or service provider with their payment information from a credit card, debit card, or bank account. In physical stores, a POS system may include card readers or mobile payment devices.

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Payment processor: Definition, types, and examples

Payrix

A cardholder initiates the payment for a purchase or service to the merchant or service provider with their payment information from a credit card, debit card, or bank account. In physical stores, a POS system may include card readers or mobile payment devices.

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Glossary: 117 software-led payments terms to know

Payrix

This blog post is your ultimate guide to understanding the most used payments terms today. Terms related to card acceptance Acceptance marks Signifies which payment brands are accepted at a merchant location and provides the cardholder with information on where his or her card can be used.