PayPal (Payment
Processors)
A
third-party processor such as PayPal lets you accept online payments without a
merchant account of your own. Instead, they let you use their merchant account
under their own terms of service, usually with very little setup required.
What is Online funds or
money Transfer?
Electronic
funds transfer (EFT) is the electronic transfer of money from one bank account
to another, either within a single financial institution or across multiple
institutions, via computer-based systems, without the direct intervention of
bank staff.
Online
money transfer is where the old-fashioned concept of wiring money converges
with the modern technology of electronic funds transfer, or EFT. You probably
use EFT all the time -- it's simply a completely electronic way of transferring
money from one bank account to another bank account.
What is a Payment
Processor or Wallet?
A
payment processor is a company (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.
A third-party processor such as PayPal lets you accept online payments without a merchant account of your own. Instead, they let you use their merchant account under their own terms of service, usually with very little setup required.
Why I need a payment
Processor?
Payment
gateways are often confused with merchant accounts. To take payments online you
need both a payment gateway and a merchant account. A merchant account is where
funds are held before being deposited into your bank account. The role of the
payment gateway is simply to decline or approve a transaction.
A
payment processor also typically provides the credit card machines and other
equipment you use to accept credit card payments. A payment gateway securely
authorizes payments for e-commerce websites. ... When you sign up for a
merchant account, your provider may or may not offer a payment gateway.
Best payment Processors or Wallet
Binance
Payeer
Coinbase
Faucet Pay
CASHMAAL WITHDRAW
