Remove ACH Processing Remove Due Diligence Remove Payment Gateways
article thumbnail

A Primer on Simple Mobile Payments for Small Business: What Merchants Need to Know

Stax

This is because a customer’s payment information isn’t passed along in plain numbers. This token is transmitted via NFC to your payment gateway attached to your POS system. The business’ payment gateway then passes that token off to the payment processor in real time—never handling the customer’s card information at all.

article thumbnail

Best 2022 Guide to Credit Card Processing for Nonprofits

BNG Payments

A third-party processor is a provider that allows a business to accept payments without opening its own merchant account. This triggers the payment processor to send the transaction through a payment gateway which verifies the validity of the card and checks if the donor is a human (not a robot) and the card is not fraudulent.