Payment processors

Payment processors are financial intermediaries that facilitate online transactions between buyers and sellers. They provide a secure platform for transferring funds from the buyer's account to the seller's account. Payment processors ensure that transactions are completed quickly, securely, and efficiently.

Payment processors can handle various payment methods, including credit and debit cards, bank transfers, and digital wallets. They act as a bridge between merchants and financial institutions to verify the transaction and transfer funds. Payment processors may charge fees for their services, which can include transaction fees, monthly fees, and other charges.

Some common examples of payment processors include PayPal, Stripe, Square, and These companies offer different features and pricing models to cater to a wide range of businesses and customers. Payment processors have become essential in the modern economy, enabling online commerce and facilitating global trade.

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