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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.)

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8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

Paddle: Payment Infrastructure Platform. Square: Popular Payment Platform for Startups. PayPal for Business: Available on Major eCommerce Platforms. Amazon: Payment Service and Order Fulfillment. Making it all work together puts a massive strain on the development team. Verifone: Formerly 2checkout.

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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.)

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The Ultimate Guide to Online Payment Processing

Stax

They are popular with buyers under 35 years of age and must be part of the mobile payment methods you support if your target audience falls within that demographic. Popular digital wallet brands include Apple Pay, Google Pay, Samsung Wallet, PayPal Digital Wallet, and Venmo.

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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.