Remove Electronic Funds Transfer (EFT) Remove Fraud Detection Remove Point-of-Sale (POS)
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What is a Payment Processing System and How Does It Work?

Stax

Its the underlying infrastructure of digital or electronic payments, ensuring money moves freely and securely via the payers preferred payment method to the merchants bank account. It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved.

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What is a Merchant Account and Does Your Business Need One?

EBizCharge

A merchant account is a business bank account that allows companies to accept payments, such as debit and credit card transactions, electronic funds transfers (EFTs), and Automated Clearing House (ACH) payments. Whereas point-of-sale (POS) systems are ideal for brick-and-mortar stores, enabling swift in-person payments.