Payment Processing

Definitions

1. The systems and services that authorize, route, settle, and reconcile payments between buyers, merchants, and financial institutions. For many startups, payment processing is both a core product layer and a major cost center.

   In plain English: The systems that handle moving and settling payments.

   Example: "Margins improved after the company renegotiated payment processing fees."

Related Terms

• Firewall
• Platform
• Production Environment
• Embedded Finance
• Embedded Insurance
• Holdback
• Billing Platform
• Point of Sale