Payment Processor

byPaytm Editorial TeamLast Updated: August 12, 2025

Meaning

A Payment Processor is a company or system that handles the technical aspects of moving payment information between banks, card networks, and merchants.

Key Features

  • Manages transaction routing and authorization
  • Works with payment gateways
  • Ensures secure settlement of funds
  • Handles fraud checks

Payment processors ensure that digital payments are completed quickly and securely.

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