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Glossary

This glossary contains general terms used in the payment industry and should help you demystify the world of payments.

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‘OnlyFans Transaction Can’t Be Processed’: How to Pay & Get Paid on OnlyFans

So you’ve noticed your OnlyFans payment isn’t processing? Don’t freak out. This is a common error many creators and users on the platform face, mostly due to the high-risk nature of the transaction at hand. Don’t worry, though. There are a few quick and simple ways to get around this. Below, we’ve explored the possible reasons behind failed payments on OnlyFans and how to solve the problem. You’re a few

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What is Acquiring Banks?
A financial institution that accepts credit and debit card payments on behalf of merchants and deposits them into merchant accounts is known as an acquiring bank. Another way to refer to an acquiring bank is as an acquirer. Issuing banks, or the companies that give their clients credit and debit cards, are typically compared with acquiring banks. Alternative payment methods A different way to pay for a purchase than using a credit or debit card is called an alternative payment option. Usually, the phrase is used to describe more contemporary payment options that not all retailers accept. Alternative payment options include Klarna, Apple Pay, PayPal, and cryptocurrencies.

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High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

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High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

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What is a Debit Network?
Debit card transactions, online bill payment, and ATM cash withdrawals are just a few of the financial transactions that can be made over a debit network. Merchants must provide a minimum of two unaffiliated networks for them to select from when deciding which debit network to use for their transactions. The three main debit networks are Star, Mastercard, and Visa.

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What is a High-Risk Merchant?
A processor or bank may designate a merchant as high-risk if they believe they pose a higher risk of fraud and chargebacks. This might be the result of the merchant’s involvement in high-risk industries, sale of goods or services subject to a high rate of chargebacks, or propensity for fraudulent transactions. High-risk retailers frequently cannot open a merchant account with many providers and must pay greater payment processing fees.

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High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

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High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

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What is NFC?
NFC is the newer version of chip technology which is used for cards, in order to facilitate easy payments via POS or tablets. These days it can also be used in other facets of life, another example could be, that it could be used to replace business cards and in some way help the environment moving forward.

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High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

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High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

High-Risk vs. Traditional Payment Processors: Which Is Best for Your Business?

If your business faces frequent chargebacks, operates in a regulated industry, or struggles with sudden account freezes, traditional payment processors like Stripe or PayPal may not be the right fit. High-risk payment processors specialize in serving industries with elevated fraud risks, legal scrutiny, or unpredictable revenue streams, offering tailored solutions for stability. In this guide, we’ll break down the differences between traditional and high-risk providers, explain how to identify your

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What is Tokinization?
By replacing sensitive data with a distinct token that can be used to refer to the right credentials without actually holding them, tokenization is a technique for protecting payment credentials and other sensitive data. Without ever giving the merchant direct access to payment details, the company offering the tokenization solution generates and validates these tokens to allow payments.
What is a Transaction Fee?
This is a fee which occurs on every purchase confirmation sent from merchant’s end to the Acquiring Bank. The fee will be functional for approvals, as well as declines, as each transaction will have to be shipped from the merchant, through the spectrum of involved partners to ensure the status of this transaction.

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What is a Virtual Card?
A virtual card is a non-psychical card which can be used in the same manner as a “normal” card. Which means you can connect it to your phone wallets and use with NFC technology. This is becoming more and more common in the online space, as it can in many ways be easier for the consumer.

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