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Home What is a terminal in the payment industry?
31 Aug 2022 By PAYCEC
Using a merchant account, businesses can accept debit or credit card payments. Customers can pay with credit or debit cards at the checkout by using a physical terminal (POS — Point of Sales system) that is connected to a merchant account. Hardware and software are included in the physical payment gateway to make it easier for retailers to accept card payments and withdraw money to their merchant bank accounts.
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