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Credit Card Processing for Small Business: Everything You Need to Know

Stax

TL;DR Credit card payment processing encompasses the series of activities that enable your small business to accept credit card payments from customers and facilitate the transfers of relevant funds from the buyer’s bank account to your business account. A payment gateway or an eCommerce CMS like Shopify will suffice for you.

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What Are Virtual Terminals? A Guide for Businesses

EBizCharge

Virtual terminal transactions are designed to be intuitive and efficient, allowing businesses to securely manage payments and effectively maintain detailed transaction records. Enter payment details: The business owner or authorized user manually inputs the customers card information.

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What is a Payment Gateway and How Does It Work?

Stax

A payment gateway is a must-have for online stores. In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway.

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What are Merchant Accounts and How Do They Work?

Stax

Moreover, many merchant accounts today come bundled with a payment gateway, another crucial component of the online payment process that streamlines transactions and protects against fraudulent activity. This is especially common for high-risk accounts, as more vetting and due diligence are typically required.

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Empowering Your Business with Stax Bill: A Comprehensive Guide to Billing Platforms

Stax

TL;DR A billing platform is a comprehensive system facilitating subscription management, recurring billing, revenue recognition, payment gateways, analytics, and dunning processes. Learn More What is a Billing Platform? There are several billing platform types, and depending on your business type some may be more useful than others.

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Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. However, several complex types of risks come along with this. This requires sound underwriting policies and procedures.

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Themes From the 21 Fintech YCombinator Graduates

Finovate

Payments xPay offers a payment gateway orchestrator coupled with a managed gateway solution to help businesses in India and Southeast Asia can go international more easily. Infinity is a banking and payments platform for cross-border businesses in India.

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