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This blog post will shed light on the risks associated with adding payments to your software, and ultimately, help you determine what payment model makes the most sense for your unique vertical and business strategy. At a very high level, a referral partnership is an integrated payments model.
The processor is responsible for processing and settling the transactions that are initiated by the payment facilitators merchants. Paymentsystem An operational network governed by laws, rules, and standards that links bank accounts and provides the functionality for monetary exchange using bank deposits. eCheck, PayPal, etc.)
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