Third-Party Processors

Third-party Processors

WebDynamic™ Web Glossary

Merchant services providers that handle the details of processing credit card transactions between merchants, issuing banks, and merchant account providers. Web site operators usually must first establish their own merchant account before contracting for credit card processing services.

These services allow merchants to accept credit cards without a merchant account. Instead, transactions are processed through the third-party providers' accounts. A processing fee is charged with each transaction