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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. A consumer may use their physical credit card, for example, but if the point of sale system is digital — such as a mobile device instead of an analog cash register — this would be considered a digital payment.

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What is B2B Payments Processing and How Do You Implement It?

Stax

Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions. Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot.

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The Most Common Types of Contactless Payment Methods and How They Work

Stax

Use case: Customers can pay by tapping their smart devices into the vendors NFC-enabled POS. Cryptocurrency and blockchain-based payments Cryptocurrencies are digital assets that leverage blockchain technologyi.e., Miners or validators verify the transaction on the blockchain. Read/write technology.

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The Ultimate Guide to Online Payment Processing

Stax

Cryptocurrencies Cryptocurrencies like Bitcoin, Ethereum, and Tether use decentralized blockchain technology and cryptography to ensure fast and secure transactions. For example, Stax Pay is a powerful all-in-one platform that bundles a merchant account, payment gateway, and affordable payment processing in one package.

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The Top Payment Methods For Small Businesses

Stax

You will need POS terminals to accept and process in-person card payments. Each digital currency is created through a process called “mining” where powerful computers generate blocks of code that represent the currency to be stored on a public ledger called a blockchain. Talk to sales Get in touch to learn more.