# What does a payment processor do?

What does a payment processor do?

##### Post Metadata
- Posted at: almost 4 years ago
- Author title: Pinned by G2 as a common question



## Comments
### Comment 1

A payment processor processes payments and financial transactions . Sometimes called a payment gateway. Ie PayPal if you buy something the payment processor will deduct from your account and settle the transaction with the seller.

##### Comment Metadata
- Posted at: almost 4 years ago
- Author title: IT management and consulting




## Related Product
[iATS Payments](https://www.g2.com/products/iats-payments/reviews)

## Related Category
[Nonprofit Payment Gateway](https://www.g2.com/categories/nonprofit-payment-gateway)

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