Merchants who accept card payments through a point of sale (POS) system may find themselves in the position of running a force pay debit transaction - triggering a force pay debit memo. A force pay ...
The method business accountants use to record transactions of business activity into the general ledger requires that each transaction posted involves at least one debit and one credit. In standard ...
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Payment gateway vs. payment processor: Key differences explained
A payment gateway encrypts and transmits customer data; a processor moves funds between accounts. Both are essential for online credit card transactions.
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