iGaming Payment Processor & Crypto Gateway
Payment gateway is a third-party between merchants and customers that securely take the money from customers and send it to merchant’s bank account. It is a virtual equivalent of a physical point-of-sale terminal that located in most of retail outlets. Payment gateway performs the important role in processing and authorizing the payment or transactions between customer and merchants. As for crypto payment gateway enables merchants to use Bitcoin and altcoins for their business and also to accept payments in traditional currencies such as USD, Euro, etc. The bitcoin payment service instantly converts the received bitcoins into the currency of your choice, eliminating the volatility risk. The money gets added to your account, and it finally gets credited to your designated bank account at the decided frequency once the accumulated account crosses the threshold limit.
There are currently 10 names in this directory beginning with the letter I.
Identity TheftIdentity theft happens when fraudsters gather enough critical pieces of personal data about an individual (such as name, driver’s license number, date of birth and address) and pose as that person to open new accounts and make purchases. This may also be referred to as “true name identity theft.”
Integrated Payment TerminalA payment terminal and electronic cash register in one device that takes payments, registers and calculates transactions, and prints receipts.
IntegrationWe are talking about integration of online payments when we want to link a payment module to a selected online store based on different platforms.
Integrator / ResellerAn integrator/reseller is a company that merchants work with to help set up their payment system. This may include installation, configuration, and support. These companies may also sell the payment devices or applications as part of their service.
Interchange Fee / Reverse InterchangeInterchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually, for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"); and for cash transactions, the interchange fee is paid from the issuer to acquirer .
INTERCONNECTIVITYThe technical capability to enable a connection between two or more schemes or business models, such as a payment services provider connecting to another payment services provider’s digital financial services model.
INTEROPERABILITYEnabling payment instruments belonging to a particular scheme or business model to be used or interoperated between other schemes or business models. Interoperability requires technical compatibility between systems, and can only take effect once commercial interconnectivity agreements have been concluded.
InvoiceTransaction that represents the outstanding customer balance (increase in debt) to be paid by the customer for a purchased product or a service.
ISO (Independent Service Organization)This is an organization that helps merchants to accept payments by plastic cards. Merchants should generally already have an open Merchant Account before working with ISO.
Issuer / Issuing BankAn issuer, a bank that issues bank cards and opens card accounts for individuals and legal entities.
