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What Is A Payment Processor?

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Payment processors store your money in the form of e currency. E-currency is the online value of your money in the form of dollar or euro etc.

These payment processors provide a platform to store and spend your money. The balance can be spent on various programs like HYIP or Forex or PTC and many more. Or the balance can be used to get a lot of products online and pay through the digital currency rather than credit cards and demand drafts. And for providing such service they charge you some fee on every transaction that is made. The fee is mostly on the money you receive and not on the money you send. This is how digital currencies work.

Various merchants (online sites which have a business like HYIP or Forex etc are called so) encourage their members to use these processors as they can pay you for your activity into these processors only.

A few payment processors ask for verification using your Credit card or your Id details these are online payment processors which are more like online banks. But a few processors which are better called digital currencies don't need any verification. Both of them have difference in their working, which will be discussed later.

There are various methods to transfer your balance to your banks. A few online payment processors have direct transfer to your bank account, with a little fee depending on how much you want to transfer. A few more payment processors, digital currencies, don't have the option of direct wire transfer to your bank instead you can exchange your balance with a lot of exchangers that are available in the site and the exchanger will have his own fee and they will directly deposit it into your account.

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Guest milesmaxx

Hi,

Thanks for sharing such a nice information.

As per my opinion,A payment processor is a companyappointed by a merchant to handle credit card transactions for merchant acquiring banks.They are usually broken down into two types: front-end and back-end.The term used to describe the process and service that automates payment transactions between the shopper and merchant.

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Guest walkerbushgeorge

Im really new to this, but the info provided here certainly did help me under a bit more about ecurrency. Would anyone be kind enough to provide a list of payment processors?

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Guest Saul12

Payment processor would be the owner of a particular ecurrency (ex. LR is processed by liberty reserve). Of course there is no more LR but you get the drift....

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On 8/17/2013 at 2:35 AM, angelbrown761 said:

Payment processors store your money in the form of e currency. E-currency is the online value of your money in the form of dollar or euro etc.

These payment processors provide a platform to store and spend your money. The balance can be spent on various programs like HYIP or Forex or PTC and many more. Or the balance can be used to get a lot of products online and pay through the digital currency rather than credit cards and demand drafts. And for providing such service they charge you some fee on every transaction that is made. The fee is mostly on the money you receive and not on the money you send. This is how digital currencies work. Chaturbate Xnxx Tubegalore

Various merchants (online sites which have a business like HYIP or Forex etc are called so) encourage their members to use these processors as they can pay you for your activity into these processors only.

A few payment processors ask for verification using your Credit card or your Id details these are online payment processors which are more like online banks. But a few processors which are better called digital currencies don't need any verification. Both of them have difference in their working, which will be discussed later.

There are various methods to transfer your balance to your banks. A few online payment processors have direct transfer to your bank account, with a little fee depending on how much you want to transfer. A few more payment processors, digital currencies, don't have the option of direct wire transfer to your bank instead you can exchange your balance with a lot of exchangers that are available in the site and the exchanger will have his own fee and they will directly deposit it into your account.

a companyappointed by a merchant to handle credit card transactions for merchant acquiring banks.They are usually broken down into two types: front-end and back-end.The term used to describe the process and service that automates payment transactions between the shopper and merchant. Quote Options   Donate Points 
Read more on: https://topgoldforum.com/topic/32806-what-is-a-payment-processor/

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On 1/18/2020 at 11:41 AM, SOS said:

A price processor is a enterprise (frequently a third celebration) appointed by way of a merchant to handle transactions from numerous channels inclusive of credit cards and debit cards for merchant obtaining banks.

By "third celebration", did you mean a third party? 😄

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A crypto payment processor is a service that allows merchants to accept payments in cryptocurrencies, such as Bitcoin, Ethereum, and others. The payment gateways in Uae processor converts the cryptocurrency payments into fiat currency, such as USD, EUR, or others, and transfers the funds to the merchant's bank account.

Edited by ramuniavowq
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