payment processor
Handles card transactions
A payment processor is a company that handles electronic transactions between merchants and customers, transferring funds from the buyer's account to the seller's.
When you swipe a card or pay online, the payment processor verifies the transaction, checks for fraud, and moves the money: The small business switched payment processors to get lower fees.
Major processors include Stripe, Square, and PayPal.
- gatewayPoint of access
- transactionExchange of goods/money
- checkoutPayment completion process
- stripeContrasting linear marking
- swipeQuick sliding motion
terminal · point of sale · authorization · settlement · credit card · fees · secure · card · visa · refund · fraud detection · chargeback · POS · online checkout · digital · wallet · funds · transfer
payment processorbank
Place holding deposits
credit union · lender · savings and loan · investment bank · central bank
payment processorcash payment
Transaction using physical currency
cash · barter · direct exchange · cash on delivery · paper money
payment, processor, pay, process, paid, paying, payer, payee, payable