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  2. Virtual terminal (payment processing) - Wikipedia

    en.wikipedia.org/wiki/Virtual_terminal_(payment...

    When a customer wants to pay with a card over the phone, a virtual terminal allows the person accepting payment (such as a call center agent) to enter the customer's credit card details to process the payment. Unlike when using a regular payment terminal, the presence of the payment card is not required.

  3. Valitor - Wikipedia

    en.wikipedia.org/wiki/Valitor

    Valitor is now part of Rapyd, a global payment processing and fintech-as-a-service company founded in 2016 as a consumer-mode e-wallet called CashDash. [11] It was the first e-wallet launched in 2017 and the company built an API that enables customers to access a range of financial services, including payouts, foreign exchange fund collection, card issuance, fund disbursements, and virtual ...

  4. Merchant account - Wikipedia

    en.wikipedia.org/wiki/Merchant_account

    Some merchant account providers have their own payment gateways but the majority of companies use 3rd party payment gateways. The gateway usually has 2 components: a) the virtual terminal that can allow for a merchant to securely login and key in credit card numbers or b) have the website's shopping-cart connect to the gateway via an API to ...

  5. Square (financial services) - Wikipedia

    en.wikipedia.org/wiki/Square_(financial_services)

    It automatically handles withholding, payments, and tax filings. [37] As of 2015, Square Payroll charges sellers a monthly fee of $20 plus $5 for each employee paid. [61] Square offers virtual and physical gift cards. A QR code is scanned to use the funds. [24] [31] Square Market, launched in 2013, enables businesses to accept online payments. [62]

  6. Unified Payments Interface - Wikipedia

    en.wikipedia.org/wiki/Unified_Payments_Interface

    Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [1] [2] It is used on mobile devices to instantly transfer funds between two bank ...

  7. Payment processor - Wikipedia

    en.wikipedia.org/wiki/Payment_processor

    Once the payment processor has received confirmation that the credit card details have been verified, the information is relayed back via the payment gateway to the merchant, who will then complete the payment transaction. If verification is denied by the card association, the payment processor will relay the information to the merchant, who ...

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