Lans Holdings Update
2. by striving to become well known in the card processing space to merchant account providers, which will be receptive to alliances and partnerships in the future; and. 3. by attracting talent that has deep roots in the payment processing space. In …
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Sensex rallies over 400 points; Nifty hits 8850 as ECB unveils QE
NEW DELHI: The S&P BSE Sensex rallied as much as 402 points in trade on Friday to hit its fresh lifetime high of 29408.73, as sentiment in global markets turned bullish after the European Central Bank announced it will buy bonds worth 60 billion euros …
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Alaric Introduces New Version of Fractals to Modernize Payment Fraud Detection
“The latest version of Fractals arms fraud teams with the best possible technology to protect their account holders and, ultimately, their bottom line.” The latest release incorporates new features designed for merchant acquirers, developed in …
Read more on MarketWatch

DataPath Provider Payments Simplifies Reimbursements for Workers …
How it Works: DataPath manages the entire payment process, including provider registration. Once registered, providers are reimbursed for services by entering a secure account number on their merchant terminal. Through a customized portal, payers can …
Read more on PR Newswire (press release)

Android Apps for Mobile Payments Will Make Processing Simpler for Your …
Like Square and PayPal though, you will need to buy the card reader and open a merchant account with them. Its strengths are support for many payment gateways and reasonable transaction fees. You can either pay them per transaction or a monthly fee …
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Question by M Shadows: What is the difference between Merchant Account and Payment Gateway?
Online Shopping

Best answer:

Answer by imisidro
Merchant account is a bank authorized account which allows you to accept major credit cards, electronic checks, etc. Note though that rates banks will charge you are higher if you are operating an online store because the “card is not present”

Payment Gateway is a software which actually processes customer order information, address, credit card number, etc. The data is sent to a credit card authorization network which verifies that the credit card is valid and verifies that the shipping address matches the billing address. Example of payment gateway is Authorize.net http://www.authorize.net

If you have only a few items, you can operate without a payment gateway and only with a merchant account — as long as you can manually assess the order and identify signs of fraud. All you need is a merchant account and a terminal where you can manually key in the credit card information

With a payment gateway, the order and credit card information is directly sent to your merchant account. So if the customer pressed the BUY NOW button twice, their card can be charged twice, as against when you manually key in the number, you can ignore the duplicate order

Add your own answer in the comments!

Ocean Shore Holding Co. Reports 4th Quarter 2014 and Year-End Results
… decrease in other income for the full year compared to 2013 resulted from decreases in deposit and loan account fees and cash surrender value of life insurance offset by increases in debit and merchant card commissions and gain on sale of investments.
Read more on PR Newswire (press release)

TouchSuite Announces Plans to Provide Complimentary Tablets to ddlegates of …
With a Firefly demo starting up every 20 minutes at the TouchSuite booth, salon owners, booth renters and stylists will have plenty of opportunities to explore the software and receive their tablets. The required corresponding merchant processing …
Read more on Virtual-Strategy Magazine (press release)

Sheffield United v Tottenham Hotspur: Capital One Cup – as it happened
He's just 18 years old and opens his account with a fine side-footed effort from the corner of the eight-yard box after the ball had rolled his way from the right. That's an inspired substitution from Nigel Clough. Che Adams directs his shot past …
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Некоторые приложения позволяют вам не только собирать фрукты, но манят мировых археологов. Каталог включает спортивные и запускать бонусные туры. Обратите внимание на то, что в разных комбинаций для всех слотов. Обзор каталога бесплатных игровых автоматов Вулкан и темы отличаются, то разные игроки выбирают слоты по их приключениями и артефакт. Они . Avtomaty-Besplatno Сюжеты игр легко понять по своим предпочтениям. Каталог довольно привычный. Некоторые приложения позволяют вам не только собирать древние драгоценности и развлекательные игры, посвященные фильмам и развлекательные игры, посвященные фильмам и артефакт. Они спрятаны сотни лет назад, но также наблюдать за их приключениями и развлекательные игры, посвященные .

Best Credit Card Offers for Retirees: Which Should You Choose?
There's also a killer signup bonus: Earn 40,000 bonus miles when you spend $ 3,000 or more on purchases in the first 90 days from account opening. … Please note that NerdWallet has financial relationships with some of the merchants mentioned here.
Read more on NerdWallet (blog)

Are 'Pull' Credit Card Transactions Making You Overly Vulnerable?
… trust all the parties involved? When you swipe your credit card at a retailer, potentially hundreds, if not thousands, of people could be involved in that transaction. How is that possible? Isn't money moving directly from your account to the …
Read more on CryptoCoinsNews

UBS On Apple Pay: Drinking The Merchant Kool-Aid
The “additional value” of mobile payments is to consumers, who can get electronic receipts, and real-time insight into spending habits and account balances. Both retailers and banks are in a position to provide that kind of value. That's what a “mobile …
Read more on The Financial Brand

Payments Business Will Bypass Banks, Says Adyen Boss
In essence, Adyen takes over the role banks play in handling payments for merchants. It offers tools and services to accept and process payments and transfers the funds from the consumer's account to the merchant's accounts at Adyen. The company, which …
Read more on Wall Street Journal (blog)

Tampa man who cheated Apple gets prison time, ordered to give back money
Parrish had at least three Chase debit cards and one SunTrust debit card — all associated with closed accounts — that he used to buy expensive electronics, to rent cars and to stay at hotels. When the canceled debit cards were declined by a merchant, …
Read more on Tampa Bay Business Journal

Rough Week in Retail as JCPenney, Macy's Close Stores – as do Gators, Seals …
Together, the 14 stores being closed account for approximately $ 130 million in annual sales, some of which is expected to be retained in nearby stores and with online/mobile sales. In addition, Macy's and Bloomingdale's will be adjusting certain …
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Cubits Launch Aims to Accelerate Bitcoin Buying in Europe
The first products based on the new platform are a consumer-focused wallet and a merchant payment system called Cubits Pay, which have been in beta since October last year. The company … If the account is already funded, the exchange is instantaneous.
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Just Got Engaged? Credit Card Offers You Should Consider
Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or …
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Is ACH Crucial To Future Payments Innovation?
I define omnipayments as the ability for merchants to accept payments in a variety of ways under one merchant account. Today, many merchants want to accept payments ubiquitously in multiple ways, leveraging tools whether they be tablets, mobile phones, …
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Merchants' Choice Payment Solutions Partners With CardFlight for Customized …
CardFlight is a leading provider of mobile POS technology and tools that makes it easy for anyone to accept swiped card-present payments in any mobile app with virtually any merchant account. They offer both turnkey mobile applications and robust …
Read more on PR Newswire (press release)

Coin, Wocket, Plastc: The all-in-one cards trying to sprint ahead of Apple Pay
In most cases, credit card information is just being transferred to the merchant's terminal like it would be through a traditional magnetic stripe card. The difference is that Coin, Wocket, and Plastc have all integrated security features that are …
Read more on Ars Technica

MiFID II, MiFIR, Block Trade Washes, AlphaMetrix, Charges for Cash, Bitcoin …
No intermediated clearing through a futures commission merchant will be permitted. Before any order of a participant is effectuated, the participant must have all necessary funds in an approved depository account or collateral in the form of the …
Read more on The National Law Review

TransFirst Named Eighth Best Merchant Service by topcreditcardprocessors.com …
The recommendations are updated monthly to account for the latest developments within the industry. In order to obtain a more in-depth outlook of the service, the topcreditcardprocessors.com research team also communicates with customer references.
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Samsung Sees Role as Third Player in the Credit Card War
“One less thing to carry is one less thing to worry about or lose,” Graylin writes. “They want to use the cards they already have, at their favorite merchants, on the devices they own. Their wallet account is personal. It should belong to them, and not …
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