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As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. If you’re trying to decide whether you should accept creditcardpayments, it’s never been easier.
It has everything you’d need from a POS system on an operational standpoint—processing transactions, hardware, ecommerce services, sales operations, inventory management, and so on. However, in 2013, Shopify ventured into the world on brick-and-mortar stores, added their own system to the list of POS systems available to retail store owners.
Square Cash for Business is a mobile payment application that allows you to receive payments from other Square Cash users and set up your own custom payments page. It is free to download and only charges a 2.75% per transaction fee. Consider PayPal’s acquisition of the mobile payment service Venmo in 2013.
Essentially, a payment gateway is the software application embedded into your online store that authorizes the secure transaction of creditcardpayments. Braintree was acquired by PayPal in 2013, but they’re hands-down the more tech-forward PSP among the two. per transaction. customer creditcards.
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