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A virtual terminal is a software application (often a web application) for merchants which allows them to accept payment with a payment card, specifically a credit card, without requiring the physical presence of the card (“card not present transaction”).
Mobile payment apps are usually free, but many have per-transaction fees. In addition, businesses will incur credit card processing fees regardless of what payment system they use.
Authorize.Net was founded in 1996, in Utah, by Jeff Knowles. [4] As of 2004, it had about 90,000 customers. [5]Authorize.Net was one of several companies acquired by Go2Net, a company backed by Microsoft founder Paul Allen, in 1999, [6] for US$ 90.5 million in cash and stock. [7]
Except for the few very largest ISOs, the ISO outsources the actual processing to a larger company that focuses solely on processing. While each of the firms discussed above provides merchant accounts and could legitimately be called the merchant account provider, in practice the phrase usually refers to whichever organization has ...
A key feature of the solution platform beyond payment acceptance is Payanywhere Inside, an online merchant portal that enables businesses to access reporting, manage employee permissions, accept phone and online payments via a virtual terminal, send and manage invoices, take action on chargebacks, and access additional business management tools ...
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
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