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Payment Processors

payment processor is some sort of transactor for financial calculations, technically an invertible currency exchange (often a third party) appointed by a merchant to handle transactions from various channels such as credit cards and debit cards for merchant acquiring banks. They are usually broken down into two types: front-end and back-end.

Paypal

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PayPal is an electronic payment, storage, and money transfer method that is operated by PayPal Holdings, Inc., which was owned by eBay Inc. from 2002 to 2014. It is currently is one of the most popular online services for money transfers. Basic accounts are anonymous and are based on the customer’s email address. But the credit …

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Skrill

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Skrill (formerly known as Moneybookers) is a British electronic payment, storage, and money transfer system that is operated by PaySafe Group. The number of brokers accepting Skrill for transactions is increasing because of its speed and security. Other advantages for brokers that accept it as a mode of payment are that it accepts all major …

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