What are Payment Processors?

You have read mostly term Payment Processors when we discuss about any specific program or any type of earning projects. Sometimes we get the meanings of Payment Processors but sometimes we are unable to discuss about. As a result we fail to understand or misunderstand a program.

What are Payment Processors?

This is most asked question in developing countries specially in Asia. Because people are less aware about them. There is no awareness by media also has been made.

As we usually use offline accounts in Banks, There are accounts on Internet to deal with online merchants, customers and companies. It is not possible for offline banks to handle all the online Payments and Transactions. If they do they may voilate some rules and rights. Because a specific country has specific rules and Freedoms. If they made it possible they have to make their servers giants. Else They will not become vulnerable but also slow.

To get rid of these issues some security experts  created online wallets. Where people can

1.Shop

2. Buy

3. Sell

4. Send Money

5. Recieve Payments

6. Earn Money Via Refferrals

There are many Payment Processors we will list in next of our posts.
 Here is list Of Payment Processors
1. PAYZA
2. MoneyBookers