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Glossary: 117 software-led payments terms to know

Payrix

Interested in learning more about software-led payments or joining the current Embedded Payments conversations in your organization? This blog post is your ultimate guide to understanding the most used payments terms today. They provide the infrastructure necessary for their merchants to accept credit card payments.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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What is mobile credit card processing? Mobile credit card processing refers to the capability of accepting credit card payments using a mobile device equipped with a card reader and specialized software. You should also consider what features you may want as your business grows.

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Glossary: 117 software-led payments terms to know

Payrix

Interested in learning more about software-led payments or joining the current Embedded Payments conversations in your organization? This blog post is your ultimate guide to understanding the most used payments terms today. They provide the infrastructure necessary for their merchants to accept credit card payments.

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Credit Card Processing for Small Business: 9 Tips for Accepting Payments Securely and Cost-Effectively

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Part of this includes performing regular maintenance on your hardware- and software, and ensuring that your settings are configured for reduced friction. For instance, you should reduce the amount of prompts that an employee or customer might have to click through in order to actually proceed with payment.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

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For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Typically, the merchant’s payment processing software will build the credit card processing rates into their fee.

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The 12 PCI DSS Requirements to Ensure PCI Compliance

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According to a report by the Federal Reserve Bank of San Francisco , credit card usage among Americans has been steadily increasing since 2016. In 2022, 31% of all payments were made using credit cards. This shows that businesses cannot ignore accepting credit card payments.

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Can You Decrease Credit Card Interchange Fees?

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These fees help cover the costs of processing the payment and maintaining the card network. Interchange fees themselves are non-negotiable and they’re charged whenever a merchant accepts credit card payments.