maksetöötlejale

Maksetöötleja is an Estonian term that translates to "payment processor" in English. A payment processor is a company that facilitates the transfer of financial data and funds between a customer, a merchant, and the customer's bank or card issuer. They are a critical part of the online and in-person transaction ecosystem, enabling businesses to accept various forms of payment.

When a customer makes a purchase, the payment processor securely transmits the transaction details from the merchant's point of sale or website to the relevant payment network, such as Visa or Mastercard. This network then communicates with the issuing bank to authorize or decline the transaction. The payment processor plays a role in receiving this authorization response and relaying it back to the merchant. If authorized, the processor also manages the movement of funds from the customer's bank to the merchant's bank account, often in batches.

These services are essential for businesses of all sizes that wish to accept credit cards, debit cards, and other electronic payment methods. Payment processors typically charge fees for their services, which can be structured in various ways, including per-transaction fees, monthly fees, or a combination thereof. They also handle fraud detection and security measures to protect both the merchant and the customer from fraudulent activities. In essence, a maksetöötleja is a vital intermediary that ensures smooth and secure financial transactions.