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Payment channels are generally related to these retail channels, but are more specifically how the payment might be made: physical POS systems, phone/IVR payments, online checkout solutions, and mobile payment options, for example.

Payment channels are generally related to these retail channels, but are more specifically how the payment might be made: physical POS systems, phone/IVR payments, online checkout solutions, and mobile payment options, for example.

Full-stack payment platforms (all-in-one solutions) provide comprehensive payment processing services by combining gateway, processing, merchant account, reporting, and additional features into a single offering.

Paystack (“we”, “us” or “our”) is a payment solution provider that facilitate online payment through its payment gateway and in-person payment through its Point-of-Sale (PoS) Terminal which makes it easy for merchants to accept credit and debit card payments online and at physical retail locations from users or ...

Payment stack is an industry phrase that describes the components – systems, software and services – needed to create a payments solution. It refers to the technologies and processes a business uses to accept payments from its customers.

The finance tech stack describes the combination of all technical infrastructure that you need to develop payment solutions. It includes the ability to make payment requests, provide P2P transfers, manage transactions, and control currency exchange.

Payment channels work by creating a locked fund between two parties. Let's consider an example of Alice and Bob. Alice and Bob commit an equal amount of cryptocurrency, for example, 1 BTC, into a multi-signature address. To release the funds, both parties must sign the transaction.