maksetöötleja

A maksetöötleja, or payment processor, is a company that authorizes and processes credit card and other forms of electronic payments for businesses. They act as an intermediary between the merchant, the customer's bank, and the payment networks (like Visa or Mastercard).

When a customer makes a purchase using a card, the payment processor securely captures the payment information. This data is then transmitted to the acquiring bank, which communicates with the issuing bank to verify the funds and authorize the transaction. If approved, the payment processor confirms the transaction with the merchant.

Payment processors handle various aspects of the payment lifecycle, including transaction authorization, settlement, and dispute resolution. They also offer services such as fraud detection and security measures to protect both merchants and consumers. Businesses typically integrate with a payment processor through their website, point-of-sale system, or mobile application to accept payments. Choosing the right payment processor is crucial for businesses to ensure smooth and secure transactions, manage costs, and provide a good customer experience. Fees associated with payment processing vary based on transaction volume, type of payment, and the services offered by the processor.