payment processing
Moving money digitally
Payment processing is the system of steps that transfers money from a buyer to a seller when a purchase is made.
It typically involves authorization, verification, and settlement through banks, card networks, and intermediary services.
The term appears in business and technical contexts: Our payment processing fees are eating into margins, The site uses Stripe for payment processing.
- credit cardBorrowed-funds payment tool
- clearinghouseCentral settlement agency
- debit cardPayment from checking account
- declined cardPurchase attempt that failed
- chip readerEMV transaction device
encryption · tokenization · fraud detection · acquirer · digital wallet · transaction · settlement · interchange · bank transfer · instant transfer · cryptocurrency · remittance · wire transfer · wallet · swipe · point of sale · secure checkout · pending
- e-governmente-governance, online services, service delivery, federal systems, e-filing
- bankingbank, banks, ATM, ATMs, account
- e-commercecheckout, shopping cart, online shopping, cart, online retail
- Consumer Shoppingshopping, retail, checkout, purchasing, online shopping
- reservationsreservation, booking, hotel reservation, room reservation, table reservation
- business servicesconsulting, software, legal services, coaching, training
payment processingcash exchange
Trading one currency another
cash payment · direct payment · barter · cash on delivery · trade