https://paymentprocessingtips.com/2021/07/08/generated-post-2/

An online payment processor is an online service that acts as a financial middleman between your business’s website and your customers. This service enables your business to accept debit or credit card from customers, and then deposit the funds into your bank account. If you are selling digital products, taking donations for events or event registrations or offering subscription-based products the appropriate payment processing solution can help you increase your customer base.

The process of accepting online payments starts when your customers input their payment details, usually through the form on your website or mobile application. The form will ask for your name, email the card number, CVV and expiration date. The payment processor will check to see if the customer has enough money to make an purchase, and then authorize the transaction. If the transaction cannot be approved, the purchaser will be notified via email that informs them of the reason and gives them an opportunity to try again or choose a different payment method.

When selecting an online payment processor, choose one that is compatible with your existing point-of-sale (POS) system. Also, look for an option you can integrate directly into your website. Be sure to check that the company offers a variety of payment options, including alternative credit cards or QR code transactions as well as PayPal. You should also select one that can help you with your international operations. This will allow you to reach out to new markets and boost the number of conversions to global customers.