These companies are the credit card processors of the internet, and all money for just about everything sold over the internet goes through one of them at one point or another. When a surfer buys something from a website, the payment processor is the company that actually handles the credit card verification, billing the sale to the customer's card, and most importantly giving the money to the merchant that made the sale (all for a fee of course, and with adult sales that fee can be as high as 17%). Payment processors are also sometimes the companies that do the "behind the scenes" grunt work for affiliate programs, keeping track of what an affiliate earns for a sale and paying the affiliate. This is generally in the case of smaller programs.
The payment gateway, or payment processor, enables you to authorize, process and manage online transactions. VeriSign Payment Services enables your business to authorize, process and manage online transactions. Find out more about
Enables websites to accept credit card details with real-time confirmation and electronic settlement.
a financial institution that processes data from credit card transactions
an association dedicated to the settlement and clearance of transactions using credit cards
a service company that performs charges and settlements for credit card transactions
a third party that enables merchants to process credit card over the internet for the bank and lets them know the funds are available
A company that provides the processing of credit card transactions. Payment Processors are to be distinguished from issuing banks which act as the recipient of the transaction proceeds.
Company that transmits a customer's purchasing information to the bank that issued his credit card.
The company that routes a credit card transaction authorization request from either a point of sale terminal or a payment gateway to the credit card company (Visa, Mastercard, etc) and then coordinates fund settlement payment to the merchant.
A Payment Processor allows anyone with an email address to send or receive payments using e-currency.
Most of the smaller merchant providers resell some other Gateway Processors service, which is the company that does all the charging on your customer's accounts. The larger providers such as Card Service International have their own gateway processing system.
Electronic payment The part of the Department's bank that accepts a taxpayer's electronic payment instructions and presents the instructions to the Federal Reserve to make the appropriate withdrawal from the taxpayer's bank or credit card account.
Company that accepts credit card and other payment transaction information from merchants and passes it along, in the accepted format, into the credit card processing network for approval. Payment processors often provide many other services to merchants such as credit card transaction reports, and help reconcile credit card transactions.
A company that attends to the actual processing of a credit card transaction, to be distinguished from the merchant account bank, which merely acts as the recipient of the transaction, proceeds.
