https://paymentprocessingtips.com/2020/12/28/how-to-find-the-best-payment-processing-service

A service that acts as an intermediary between your website and your customers is referred to as an internet payment processor. This service enables your business to accept payments made by credit or debit card from your customers and then deposit the funds into your bank account. If you’re selling digital goods as well as accepting donations or registrations for events, or offering subscription-based services, having the appropriate payment processing software in place will help you increase your customer base and increase sales.

Your customers will enter their payment details into an online form, typically on your website or mobile application. The form will ask for your name, email, card number, CVV and expiration date. The payment processor will verify that the purchaser is able to complete the purchase and authorize the transaction. If the transaction was not authorized then a message will be sent to the buyer stating the reason for the rejection and allowing them to try again.

When selecting an online payment processor, choose one that works with your existing point of sale (POS) system or offers a solution that can be integrated directly into your e-commerce site. Check that the provider has a variety of payment options, including alternative credit cards, QR code transactions and PayPal. You should also choose one that can help you with your international operations. This will help you reach out to new markets and increase conversions among global customer bases.