Merchant services can be broadly categorized into several types:
Payment Gateways: These are essential for e-commerce businesses to accept online payments securely. Point-of-Sale (POS) Systems: These systems are used in physical stores to process transactions and manage sales. Mobile Payment Solutions: These allow businesses to accept payments via mobile devices, which is particularly useful for small businesses and entrepreneurs on the go. Recurring Billing: Ideal for subscription-based models, this service automates the billing process for regular payments.