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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.

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How to Find the Right Credit Card Terminal for Your Business

Stax

Wireless terminals Wireless terminals are similar to mobile card readers in that these terminals offer mobility. Merchants who accept mail, telephone/fax, or online orders can send the credit card information to the terminal (via keyed in transactions) in order to process the sale.

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article thumbnail

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.

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How to Choose a Credit Card Reader for Your Business

Stax

Some card readers may also connect to the device via Bluetooth. Standalone card readers come in different specifications and may or may not have their own screen. These devices are often built to be wireless, mainly to offer more convenience and differ from a traditional or countertop point of sale (POS) setup.