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Glossary: 117 software-led payments terms to know

Payrix

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. eCheck, PayPal, etc.)

article thumbnail

Glossary: 117 software-led payments terms to know

Payrix

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. eCheck, PayPal, etc.)

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What Is a Credit Card Surcharge?

Stax

You must notify your services provider and the credit card network about your intent to impose surcharges at least 30 days before. Visa for one, offers a resource page that includes downloadable signage that merchants can use. It is one payment processing decision that you need to properly think through.

article thumbnail

What Is a Credit Card Surcharge?

Stax

You must notify your services provider and the credit card network about your intent to impose surcharges at least 30 days before. Visa for one, offers a resource page that includes downloadable signage that merchants can use. It is one payment processing decision that you need to properly think through.