Payment Methods

paying with a smartphone

The most popular payment gateways

A payment gateway is a software service that allows businesses to accept payments from customers online. It works by encrypting customer payment information and sending it to the merchant’s bank for authorization. Once the payment is authorized, the gateway sends a notification back to the merchant’s website, and the transaction is complete. There are many

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What is Interchange?

What is Interchange?

Interchange is a fee that businesses pay to the credit card networks for each credit or debit card transaction. The interchange fee is set by credit card networks, such as Visa and Mastercard, and it is based on a variety of factors, such as the type of card, the amount of the transaction, and the

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Card-Based Payments

Card-Based Payments

Exploring the Three Most Common Types of Payment Methods In today’s digital age, conducting transactions has become more convenient and secure than ever before. Among the three most common types of payment methods—cash, card-based payments, and digital payments—card-based payments stand out as a widely adopted and prevalent form of payment. Let’s see the features and

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API Gateway vs. Payment Gateway

API Gateway vs. Payment Gateway

Understanding the Differences In the realm of digital transactions, businesses often encounter terms like API gateway and payment gateway. While both play integral roles in facilitating online interactions, they serve different purposes and cater to distinct aspects of the transaction process. In this article, we will explore the differences between API gateways and payment gateways,

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zelle

Is Zelle: A Peer-to-Peer Payment Platform or a Payment Gateway

As the world becomes increasingly digital, various payment solutions have emerged to facilitate seamless transactions. Zelle, often mistaken for a payment gateway, is a popular peer-to-peer (P2P) payment platform in the United States. However, it is important to note that Zelle operates differently from traditional payment gateways. In this article, we will explore the features

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