The Best Payment Processors For Ecommerce
Tools that are the gateway for transferring funds between your customers and your business.
What are payment processors?
A payment processor is the middle man between you and your customers, helping you to complete financial transactions where cash is not involved. They manage the logistics of accepting credit card payments by utilizing the information stored on the card to initiate the transaction from your customers account to yours.
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Payment processors are necessary in the digital age to ensure you can always securely accept payment and receive funds for your goods and services.
If you ever want to accept credit or debit card payments, you will need to utilize a payment processor.
Typically your head of Ecommerce would handle this, but it may also be your head of finance, or you as the CEO or founder.
The most important factor when deciding on a payment process is security. When handling someone's debit/credit card, you are holding access to their entire identity, not to mention access to your own accounts/information. So always make sure whichever processor you choose is secure, and make sure they are PCI compliant following all required rules and regulations.