An online payment processor is a type of service that acts as a financial middleman between your business’s website and your customers. This service allows your business to accept credit or debit card from your customers, and then transfer the funds into your bank account. It doesn’t matter if you’re selling digital items, accepting donations or event registrations, or offering subscription-based services, having the appropriate payment processing solution in place will allow you expand your customer base and increase sales.

Customers will enter their payment information in forms, typically on your mobile or website discover this app. The form will ask you to enter your name, email address the card number, CVV and expiration date. The payment processor will confirm that the user is able to complete the purchase and authorize the transaction. If the transaction is not authorized, the buyer will be notified via email that informs them of the reason and provides them with the option to try again or select an alternative payment method.

When choosing an online payment processor, pick one that is compatible to your existing point-of-sale (POS) system. Choose an option you can integrate directly into your website. Check if the provider offers a wide range of payment options, like alternative credit cards, QR codes, and PayPal. It is also recommended to choose one that can help you with your international operations. This will help you expand your reach to new markets and increase conversions across global customer bases.