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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. airline itinerary data, fuel transaction data, itemized purchase data, etc.).

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8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

For example, Stripe advertises subscription management features, however, many companies end up integrating with another service like Chargebee or Recurly to get the subscription management features they need. More subscription management features. Making it all work together puts a massive strain on the development team.

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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. airline itinerary data, fuel transaction data, itemized purchase data, etc.).

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Well also give you our picks of the best payment gateways and look at common pitfalls to avoid. TL;DR Choose a payment gateway compatible with your business model, whether for eCommerce, subscriptions, or omnichannel sales. Prioritize payment gateways with subscription billing and automatic renewal features.

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Everything You Need to Know About Credit Card Processing

Stax

Payment Processor: The credit card processing company handles the processing and batching of purchases made with credit, debit, or gift card payments. They typically assist with technology needs and customer service as well, acting as an intermediary to the card associations and banks.

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The Ultimate Guide to Online Payment Processing

Stax

You need the services of a reliable payment service provider to securely accept and process card payments and the right provider for you will be one that supports your preferred payment methods, sales model (one-time payments or subscriptions), and geographical reach (international sales).