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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.

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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.

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The Ultimate Guide to Online Payment Processing

Stax

You must set up a cryptocurrency wallet to accept digital currency and also implement a medium for customers to provide their own wallet address and the payment amount they are sending. Some also have the bad habit of imposing hidden fees carefully buried in the contract document that can add up over time to eat up your cash flow.

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Everything You Need to Know About Credit Card Processing

Stax

Cardholder: The customer who owns the credit card being used for purchase. Card Association: Visa, Mastercard, American Express, and Discover. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks.