What Is an Online Payment Processor?

An online payment processor chip is a product that enables businesses to accept debit card payments. They are simply a easy way for consumers to pay for goods or services and help shield business owners from fraud and chargebacks.

Repayment refinement is the process of accepting credit and debit cards from buyers and moving the cash to a business’ bank account. It is an essential element of any web commerce platform, in addition to several different types of on-line payment cpus to choose from.

The best online repayment processors give competitive prices for online sales, useful integrations with accounting and ecommerce platforms, and solid customer support. They also have solid security features, such as SSL protocol, tokenization, and CVV verification, to help you avoid scams and frauds.


In most cases, you will pay a flat-rate cost for each deal. If you want being more flexible, you need to use interchange-plus costing, which combines interchange costs with a defined markup.

Tiered pricing is yet another option, which in turn takes interchange rates and divides all of them into tiers. Each tier has its own price, which can be more than interchange-plus or perhaps flat-rate the prices.

Some repayment processors as well charge a different processing/acquirer fee to protect costs associated with credit-based card transactions. These types of fees change depending on how many pc cards you accept, international virtual processing terminal sales, and more.

Some of these payment processors have got a membership pricing model, which can be good for businesses with large purchase volumes. Many of these companies also offer 24/7 customer service.