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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”).
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
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]
When a customer orders a product from a payment gateway-enabled merchant, the payment gateway performs a variety of tasks to process the transaction. [2] [failed verification] The order is placed. The payment gateway may allow transaction data to be sent directly from the customer's browser to the gateway, bypassing the merchant's systems.
The core company employs more than 1,300 people, boasts a network of over 3,000 sales partners, and works with over 350,000 merchants throughout the U.S. [1] In addition, the company works closely with top technology developers and ISVs (independent software vendors) to provide customized solutions for their partners and customers.
The company provides online payments processing as well as products for face-to-face and telephone payments. It was known by the name Sage Payment Solutions while under the ownership of The Sage Group plc between 2006 and 2017. The company processes more than $30 billion for over 100,000 customers annually. [5]
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