An online payment tool that lets merchants accept card payments manually via a computer. It mimics a physical POS terminal, allowing payment processing without a card reader.
Payment Gateway
A technology that securely authorizes and processes credit card and electronic payments for online transactions. It connects the merchant’s site with the payment processor, ensuring safe data transfer.
Shopping Cart
A software feature on e-commerce sites that stores products selected by the customer. It lets users review, adjust quantities, and proceed to checkout to complete the purchase.
Real-Time Reports
Data insights generated instantly to track transactions, sales, and customer activity. These reports help businesses make quick decisions based on up-to-date information.
Billing and Invoicing
The process of charging customers for goods or services. Billing involves issuing a payment request, while invoicing creates a detailed statement of items, amounts owed, and payment terms for record-keeping.
