What is a merchant account or trade account?
A merchant account is a special trade account for a business used to accept non-cash payments by cards and over the internet. It links the seller to the payment infrastructure and the acquiring bank.
What is a microtransaction in cryptocurrencies?
A microtransaction is a payment of a very small amount, often less than the minimum monetary unit. Such operations are unprofitable for traditional payment systems because of fees, while cryptocurrencies make them feasible.
What is BitPay?
BitPay is a payment service that allows merchants to accept payments in Bitcoin and other cryptocurrencies, acting as an intermediary between buyer and seller.
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