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. a magnetic stripe reader, mobile phone, etc.)

article thumbnail

How to Choose the Right Payment Processing Software

Stax

You should avoid payment providers that are overly focused on card-present transactions if your target market is increasingly demanding more convenient payment methods like e-wallets, mobile payments, and cryptocurrency. Q: Can payment processing software help with mobile payments?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. a magnetic stripe reader, mobile phone, etc.)

article thumbnail

Top 10 International Payment Gateways: An In-Depth Guide

FastSpring

After the final reminder, you have the flexibility to choose whether to pause or cancel their service if they fail to update their payment information. Pausing their service makes it easier for them to start up the service again without going through the entire onboarding process again. Fidelity National Information Services, Inc.

article thumbnail

Example of Integrated Payments

USIO

Mobile and Online Integration: Support for both online and mobile transactions, enabling businesses to cater to a wide range of customers across different platforms. Quick and Easy Setup: Streamlined onboarding processes that make it easy for businesses to set up and start accepting payments quickly.

Payments 130
article thumbnail

How to Select the Best POS System for Small Business

Stax

Payment Processing Capabilities Facilitates the acceptance and processing of various payment options, such as credit and debit cards, ACH payments, mobile payments, and cash. Payment processing capabilities – Payment processing is a crucial business process that a POS system should have.

article thumbnail

Your Complete Guide to SaaS Payments Monetization: What SaaS Companies Should Know

Stax

Onboarding Getting users onboarded to a cloud-based platform for payments requires a number of steps. There’s the underwriting process, which vets merchants and ensures that they’re qualified to take payments. mobile payments, SMS payments, ACH, eChecks, etc.). What is payment enrollment?