For more information: https://www.2checkout.com/ecommerce-resources What is a Payment Processor? A business authorized to process credit card transactions between buyers and sellers How Does a Payment Processor Work? Payment processors make it possible for merchants to receive debit or credit card payments online by providing a connection to an obtaining bank. These processors perform lots of functions such as assessing whether transactions stand and approved, utilizing anti-fraud measures to ensure that a purchase transaction is initiated by the source it declares. Processors are held to requirements and policies organized by credit card associations. These requirements consist of rules regarding fraud, chargebacks, and identity theft. Source
