Remove Payment Gateways Remove PayPal Remove Point-of-Sale (POS)
article thumbnail

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.

article thumbnail

The Full List of Fintech Unicorns in Asia (2025)

Fintech News

billion Founded in 2000, BillDesk is one of Indias earliest digital payment platforms, known for its payment gateway services. billion Razorpay, founded in 2014, simplifies B2B digital payments with its API-based payment gateway for businesses. BillDesk Valuation: $1.59 Razorpay Valuation: $7.5

FinTech 120
article thumbnail

The Different Ways a Business Can Accept Credit Cards

Clearly Payments

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The terminal communicates with the card issuer to approve the payment. Approved payments are deposited into the merchant’s account.

article thumbnail

Payment Gateway, Processor & PSP: 3 Essential Payment Terms Every Business Should Know

Segpay

There seems to be a lot of misunderstanding about the differences between a Payment Gateway, a Payment Processor and a Payment Service Provider (PSP). In the fast-paced world of e-commerce, web merchants navigate a complex landscape of payment solutions. What is a Payment Gateway?

article thumbnail

An Overview of the Payments Ecosystem in 2024

Clearly Payments

Supporting Players in the Payment Ecosystem Payment Gateways: Payment gateways serve as the secure link between merchants’ systems and payment processors, they encrypt and transmit sensitive data. The global payment gateway market is projected to reach $49.7 trillion by 2027.

Payments 104
article thumbnail

Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

However, if you’re buying the shirt online, then the payment can be processed by simply entering the card details into the device used for purchase. They consist of the hardware and software components required to process an in-person payment. It’s also simple to integrate PayPal with your existing website.

Process 88
article thumbnail

What is B2B Payments Processing and How Do You Implement It?

Stax

These longer payment cycles have historically lent themself to slow payment processes, like checks, that are no longer common for B2C transactions Due to the complexity of most B2B transactions, there’s often more documentation required for the payment, such as contracts. Q: What are some of the most common B2B payment methods?

B2B 88