Payment Processors

Importance of Payment Processor

Here I will discuss about the Payment Processor which is a very important tool for us who are running an online business or if you frequently perform transactions on the Internet .

Why we should use a payment processor ?

 It is used to protect our payment tools such as real Credit Card ( CC ) . I'm sure most of you already have a credit card , but not infrequently also conceded credit card . I was ever conceded USD 3.000 .

What is a Payment Processor and what kinds can we have?

          Payment Processor is a kind of fence in front of your tender . My point is ,real source of your fund can be transferred to the payment processor so EXTENT YOU NEED so your real source funds will remain safe in the event of a crime against the payment processor .I take the example of one instance VCC ( Virtual Credit Card ) , there is also a Free Debit Card ( eg from Payoneer ) . Well..., for an example you have funds in your Credit Card around USD 3.000 then you want to follow the program say businesses pay USD 100 , then you can simply do a transfer from your credit card to VCC or to Debit Card payment processor that serves as a stretcher just USD 100 only, so that the rest of your funds in the Credit Card USD 2.900  is still safe . Well then existing funds at VCC or debit card as a payment processor that 's what we transfer to a business program that we wish to follow .If for example a malicious program the business and breaking the data of  your the payment processor , then the funding you still survived the last remaining USD 2.900.
Unlike the case if you directly use your credit card, because the crime is risky due to shop online , you have to fill in your card number , the secret code , etc. . And if the important data of your credit card owned by a business program that is evil , then the funds in your credit card could be wiped out everything . 
Therefore you need FENCE FRONT lining the true source of your funds .I hope it 's understandable explanation of the importance of payment processor . Okay ?


Is very important we have a payment processor ?

 I answered YES because most online businesses sometimes do not accept direct payments from our bank account . There is also a bank transfer we receive the transfer fee is expensive but not worth the cost to attend the program .



There are several payment processor you can have is as follows :