The Learning Center
GLOSSARY TERMS
# - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

Credit Card Processor

A company that performs authorization and settlement of credit card payments, usually handling several types of credit and payment cards (such as Visa, MasterCard, and American Express). If merchants wish to sell their products to cardholders, they retain the services of one or more processors who handle the credit cards that the merchant wishes to accept. When a merchant retains the services of a credit card processor, it is issued a merchant ID.


Previous Credit Card Term: Credit Card Number

Next Credit Card Term: Credit Counseling


Best Credit Card Reviews
1. Chase PerfectCard MasterCard
0% Intro APR | Up to 6% rebate on gas purchases | No Fee First Year.Read Review
2. Discover ® More Card
0% Intro APR | Low 9.9% everyday APR | No Annual Fee. Read Review
3. Chase TravelPlus Visa Card
0% Intro APR on balance transfers for up to 12 months | Earn 1 point for every $1 you charge | Choose from 250 airlines | No Annual Fee.Read Review
4. American Express Gold Delta SkyMiles ® Business Credit Card
Earn 10,000 Bonus SkyMiles | Earn DoubleMiles on "everyday" expenses | Easy online application. Read Review