Brick-and-Mortar

Brick-and-mortar refers to traditional physical retail stores or businesses that operate from a physical location, as opposed to online or eCommerce platforms.

Brick-and-mortar businesses play a significant role in the payments industry. They accept payments directly from customers through face-to-face transactions. They often utilize point-of-sale (POS) systems to process payments, including cash, credit cards, and debit cards. These businesses may offer additional payment methods, such as checks or mobile payments, too.

The brick-and-mortar model allows customers to physically interact with products before making a purchase. This fosters trust and immediacy in the buying process. While online commerce continues to grow, brick-and-mortar businesses remain essential for providing personalized customer experiences and catering to local communities.