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Glossary: 117 software-led payments terms to know

Payrix

Point-to-point encryption (P2PE) Technology standard created to secure electronic financial transactions. Terms related to integrated payment technology Application programming interface (API) A set of routines, protocols, and tools that are used for building software applications. eCheck, PayPal, etc.)

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What is Click to Pay and How Does It Work?

Stax

Scalable technology: the provider must be able to support high-volume transactions so you wont need to go through the pains and costs of migrating to another provider as your business expands in the future. Proprietary systems issued by companies like Apple Pay, Google Wallet, Samsung Wallet, and PayPal.

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Payment Gateway vs Payment Processor: What You Need to Know

Stax

A payment gateway is a technology that authorizes and processes payments between buyers and sellers by securely transmitting payment data. Some factors to consider when selecting a payment processor and payment gateway include: favorable pricing, integrations with your existing solutions, supported payment methods, and more.

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Merchant of Record for Mobile Games: What It Is and Why You Need One

FastSpring

In 2024, our support team won a Silver Stevie® award for Front-Line Customer Service Team of the Year in the “Technology Industries – Computer Software” category, and our customer success team won a gold Globee® award for Customer Excellence in the “Achievement in Team Customer Success” category!

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The Most Common Types of Contactless Payment Methods and How They Work

Stax

Think Bluetooth technology but without manual device discovery and pairing. NFC technology can process payments through: Peer-to-peer mode. Read/write technology. This technology turns any NFC-enabled smartphone, smartwatch, or wearable into a contactless credit or debit card. NFC is a subset of RFID technology.

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Want the Cheapest Credit Card Processing? Surcharging May Be the Answer

Stax

Learn More Understanding Credit Card Processing Fees and Pricing Before diving into surcharging, it’s crucial to grasp the concept of credit card processing fees. Processing fees can be based on various models, such as flat-rate pricing per transaction, a percentage of the transaction amount, tiered pricing, or a combination.

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Everything You Need to Know About Credit Card Processing

Stax

They typically assist with technology needs and customer service as well, acting as an intermediary to the card associations and banks. per transaction +15-30¢ per transaction Card-Not-Present Processing Pricing $99/month + 15¢ per transaction + interchange. Flat Rate Pricing A flat rate is a variation on percentage markup models.