Payment settlement is the final step in a transaction, where the money from a customer’s purchase moves into the merchant’s account. It may seem simple, but behind the scenes, multiple players work together to ensure everything runs smoothly.
In-person payments are financial transactions where the seller and buyer are physically present at the point of sale. These transactions are the foundation of many businesses, facilitating seamless exchanges of goods and services in real time.
Field Services: Maximize the Value of Integrated Payments in Your BMS
by Xplor Pay
By fully leveraging integrated payments within your BMS, you can streamline your financial operations, get paid faster, and enhance customer experience while improving security and compliance.
Automated recurring payments can represent a win-win for businesses and consumers alike—offering efficiency, predictability, and convenience in an increasingly subscription economy.
Since the liability shift in 2015, EMV compliance is essential for businesses that accept credit or debit card payments, as it serves as a cornerstone of secure and reliable payment processing.
How SMBs Can Leverage Gift Cards to Boost Cash Flow This Holiday Season
by Xplor Pay
With the right approach, gift cards can do more than just drive sales; they can also increase brand visibility, foster customer loyalty, and create a financial cushion for the slower months.
Level 3 Credit Card Processing: What It Is and Why It Matters
by Xplor Pay
For businesses primarily dealing with other businesses or government agencies, Level 3 processing can significantly reduce costs through detailed data collection.
Credit card processing fees are a burden for many businesses, especially those with high transaction volumes. But what if there was a way to lower those fees without changing your payment provider? This is where Level 2 credit card processing comes into play.
How SMBs Can Improve Customer Engagement with a Point-of-Sale System
by Xplor Pay
Once viewed as just a tool to process payments, today’s POS systems are dynamic platforms that help SMBs enhance customer engagement, improve efficiency, and ultimately grow their business.
