
Global payment processing platform for online and mobile sales
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Online merchants use Verifone, formerly 2Checkout, to take payments from customers around the world. It acts as a payment platform that accepts credit cards, PayPal and local payment methods, and it handles currency conversion and tax. Software and digital goods sellers also use it for subscription billing and for managing recurring revenue. As a merchant of record it takes on responsibilities such as sales tax and fraud checks. It suits businesses that sell to international buyers and do not want to set up many payment accounts.
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