Remove Accept Credit Card Payments Remove Outsourced Development Remove Point of Sale
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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. payment card details or sensitive account information) to an untrusted environment.

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8 Top Stripe Alternatives: In-Depth 2023 Guide

FastSpring

Making it all work together puts a massive strain on the development team. Or, if you want to outsource the entire checkout process, you can choose the web storefront option where your customers will be redirected to a FastSpring website to complete the purchase. Verifone functionalities include: Integrated POS. Hosted checkout.

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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. payment card details or sensitive account information) to an untrusted environment.

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

Stax

A payment gateway is a tool that allows merchants to authenticate and receive payments from their customers electronically. Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine.

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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

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. Setup fees, chargeback fees, and contract cancellation fees are examples of hidden fees. Depending on your choice of PSP, you may have to integrate or embed the payment gateway.