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The act of collecting online payments from clients for the items or services that a retailer sells is known as "merchant processing." A "payment processor" serves as a go-between for the business and the various investment firms taking part in the deal in most cases. If a consumer uses a credit card, debit card, or another electronic form of payment to make a purchase, the payment provider gets in touch with the client's bank or card issuer to check. [more]
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