The payment is sent securely to the payment processor via a payment gateway. What’s a Payment Processor? A payment processor is a system that connects the cardholder’s bank with the merchant’s bank, and the card brands (e.g. Visa, Mastercard, Discover, etc.), and ensures that all of the money ends up in the proper place.
PAYMENT PROCESSING (THE BASICS) - Chase Chase Merchant Services is a payment processor. We enable your business to authorize and transmit transactions by virtually all types of credit and debit card, as well as gift card. We also settle the funds through the payment brands (e.g., MasterCard® and Visa®) and deposit funds to your checking account. All About Payment Processing - Learn What is Payment Jun 11, 2020 Payment Processing 101: Learn how your money gets to you
The Basics of Online Payment Processing | GoCardless
Nov 04, 2019 Payment gateway - Wikipedia A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such
Payment will be made before your patient goes home with the PaymentSafe payment processing solution. PaymentSafe provides an efficient and seamless way to process patient payments. It's easy for both staff and patients to us - and it keeps you in control.
Jul 15, 2020 What is payment processor? - Definition from WhatIs.com A payment processor is a company that facilitates communication between the bank that issued a customer’s debit or credit card and the seller’s bank. The processor’s job is … What is a Payment Processor? A payment processor is 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. How Does the Payment Processing Industry Work? A payment processor is 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.