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Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. 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.
Think of the gateway as the online equivalent of a card reader or point of sale (POS) system in a brick-and-mortar store. Together, these three parties facilitate the online payments process. They also often provide the actual equipment you need to accept credit card payments, like the point of sales (POS) terminal.
ACHprocessing fees: ACHprocessing fees are the costs associated with transferring funds electronically through the ACH network. These fees are typically lower than credit card processing fees and are charged by payment processors or banks for facilitating direct bank-to-bank transfers.
NFC payments are very secure as any data that is exchanged during a transaction is always encrypted. In most cases, your payment software or point-of-sale (POS) will offer an app that allows you to take NFC payments from mobile wallets like Apple Pay, Samsung Pay or Google Pay. How Secure Are Mobile Payments?
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