Concept · Business and metrics

Payments

Also called: payment processor, payment processing, payments platform, checkout, accept payments, credit card processing, billing, PCI, PCI DSS

The service that lets a company charge customers' cards and bank accounts and receive the money. Most startups use a payments company for this and do not handle card numbers themselves.

For example: A founder adds a checkout page from a payments company to a site. A customer pays 30 dollars by card, and the payments company sends the money to the founder's bank account.

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