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PRODUCT
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- 2Sell Accept mobile and online payments from buyers worldwide
- 2Subscribe Subscription management solution to maximize recurring revenue
- 2Monetize Full commerce solution built for digital goods sales
- Add-ons Additional services to boost online sales
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- SOLUTIONS
- CLIENTS
- COMPANY
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Commerce Glossary
A comprehensive resource to help you master the language of commerce.
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What is a Payment Processor?
pay - ment pro - ces - sor
noun
A company authorized to process credit card transactions between buyers and sellers.
How Does a Payment Processor Work?
Payment processors enable merchants to receive debit or credit card payments online by providing a connection to an acquiring bank. These processors perform many functions such as evaluating whether transactions are valid and approved, using anti-fraud measures to assure that a purchase transaction is initiated by the source it claims to be. Processors are held to standards and regulations organized by credit card associations. These standards include rules regarding fraud, chargebacks, and identity theft.