A payment gateway encrypts and transmits customer data; a processor moves funds between accounts. Both are essential for online credit card transactions.

A virtual terminal is especially valuable in industries or situations where in-person card processing isn’t practical, such as handling reservation deposits, accepting donations, and over-the-phone ...

Credit card payments accounted for 40 percent of in-store retail sales in 2024. This dominance reflects a fundamental shift in consumer payment preferences. Digital wallet usage continues to expand ...

As consumer preference for eCommerce increases, thanks to the convenience that shopping online offers, the global digital payment industry is seeing increased growth. This presents eCommerce ...

A business.com editor verified this analysis to ensure it meets our standards for accuracy, expertise and integrity. Credit card payments accounted for 40 percent of in-store retail sales in 2024.