Remove ACH Processing Remove Non-Bank Remove Point-of-Sale (POS)
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All You Need to Know About Internet Credit Card Payment Processing

Stax

The payment processor is a financial institution that handles transactions between the two banks. Meanwhile, a payment gateway is the technology that authorizes and processes payments between a buyer and seller by securely transmitting payment data. Together, these three parties facilitate the online payments process.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine. In turn, the payment processor ensures a seamless transfer of the information between the merchant, issuing bank, and customer.