What is a Submerchant?

The relationship payment facilitators have with their merchants is at the heart of what PFs do. Working with a payment facilitator makes acceptance simpler for merchants – especially for smaller businesses, for whom setting up individual merchant accounts can often be too cumbersome.

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What is a Payment Gateway?

The payments industry is a complex system of pieces, all working together to make it possible for a consumer to purchase an item or a service simply by inserting a card at a retail location or entering their payment credentials into a web site.

The term “payment gateway,” is often mentioned as a necessary piece of the puzzle. But what exactly does that mean?

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