What is payment processing?

This step in the payment process is just to ensure that the transaction taking place isn’t fraudulent. This corresponds to

The information is received by a payment gateway and sent to a payment processor. This corresponds to

Once the transaction has been approved and validated, it moves into the settlement and funding phaser. This corresponds to

The debited funds are transferred to your business bank account. This corresponds to

It is a vendor that facilitates electronic payments by acting as the messenger between banks and merchants. This corresponds to

It is the financial institution that maintains a merchant’s account in order to accept credit cards. This corresponds to