Credit Card Guide
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Credit Card Glossary

Puzzled by credit card jargon? Browse the CreditCardGuide.com glossary for the definitions of common and confusing credit card terms.

Processor

A third-party vendor that handles the details of a credit card transaction for a merchant. A credit card purchase is routed through the processor, which gets approval for the card's use from the issuing bank. The processor also receives payment from the issuing bank and deposits the amount of money due the merchant into the merchant's account.

 
     


 
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