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  2. Micropayment - Wikipedia

    Payment requests are generated by an Apple or Android mobile app and payment requests are typically sent via messaging systems like WhatsApp or Telegram. In 2017 there were 1 million users and 150 000 payment requests per week. By 2018, Tikkie reported 2 million users and 440 000 payment requests per week.

  3. Payment service provider - Wikipedia

    A payment service provider (PSP) is a third-party company that assists businesses to accept a wide range of online payment methods, such as online banking, credit cards, debit cards, e-wallets, cash cards, and more. They ensure customer's transactions make it from point A to point B, safely and securely.

  4. Balloon payment mortgage - Wikipedia

    A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in commercial real estate than in residential real estate.

  5. BACS - Wikipedia

    On 1 December 2003, Bacs Payment Schemes Limited (BPSL) was split from Bacs Limited as a nonprofit organisation with members of the banking industry promoting the use of (and setting the rules for) automated-payment schemes and Bacs Limited owning the infrastructure to operate them. Bacs Limited used that name for one year, becoming Voca ...

  6. Online Banking ePayments - Wikipedia

    Online Banking ePayments (OBeP) is a type of payments network, developed by the banking industry in conjunction with technology providers.It is specifically designed to address the unique requirements of payments made via the Internet.

  7. Financial transaction - Wikipedia

    When something is bought using credit, it gives the seller an asset (the payment at a later date) and gives the buyer a liability (the amount that must be paid at a later date). Credit cards are an example of when credit is used, where the card issuer (usually a bank) gives the customer a line of credit with which they can make purchases.

  8. Royalty payment - Wikipedia

    A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.

  9. Net D - Wikipedia

    The notation "2% 10, net 30" indicates that a 2% discount can be taken by the buyer only if payment is received in full within 10 days of the date of the invoice, and that full payment is expected within 30 days, For example, if a $1000 invoice has the terms, "2% 10, net 30", the buyer can take a 2% discount ($1000 x .02 = $20) and make a ...