I'm trying to understand the distinction between a network token and a merchant token. Could someone explain the main differences between these two types of tokens?
7 answers
StormGalaxy
Sun Nov 03 2024
It serves as a medium of exchange that caters to the merchant's unique requirements and operational framework.
KpopHarmonySoulMate
Sun Nov 03 2024
On the other hand, a network token is issued by the payment network itself.
SsamziegangSerenade
Sun Nov 03 2024
Merchant token represents a unique digital asset created by a merchant or their designated payment processor.
henry_grayson_lawyer
Sun Nov 03 2024
Unlike merchant tokens, network tokens are versatile and can be utilized across various merchants and transactions.
Leonardo
Sun Nov 03 2024
They enable interoperability, allowing users to conduct payments seamlessly across different platforms and services.