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Payment processor: Definition, types, and examples

Payrix

Embedded Payments Embedded Payments include three types of payment models that SaaS platforms use to manage their transactions: integrated payments or referral partnerships, PayFac-as-a-service, and payment facilitation, or PayFac. How do payment processors secure payments?

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Master merchant: Definition, types, and examples

Payrix

The master merchant model is common in industries that involve marketplaces or platforms with multiple sellers or service providers. Key answers for platforms | Episode 47 For software platforms handling payments, achieving PCI compliance is a critical step toward ensuring security and building trust with customers.

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Glossary: 117 software-led payments terms to know

Payrix

Apple Pay A mobile payment and digital wallet service offered by Apple that allows users to make payments through NFC technology. Contactless payments Devices that use radio-frequency identification for making secure payments; embedded chip and antenna enable consumers to wave a device over a reader at the point-of-sale.