| Lexeme: |
payment processing
Rare (0.03)
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| Definition: |
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noun. Payment processing refers to the operations and procedures involved in the handling and transfer of payment transactions between a customer and a business. It encompasses the entire process, including collecting payment information, verifying the transaction, and transferring funds from the customer's bank account to the merchant's account. This can involve various payment methods such as credit cards, debit cards, electronic funds transfers, mobile payments, and online payment gateways. Payment processing ensures the secure and efficient completion of financial transactions between parties involved. GPT3.5
Word Forms:
- noun.
payment process (singular),
payment processes (plural)
- verb.
payment process (simple present),
payment processed (simple past),
payment processing (present continuous),
payment processes (third person singular)
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| Policy Examples: |
- Your Personal Information may be disclosed: To our third-party service providers who provide services such as website hosting, data analysis, payment processing, order fulfillment, information technology and related infrastructure provision, customer service, email delivery, text messaging, auditing, and other services. #heb
- We will provide your information to third party companies to perform services on our behalf, including payment processing, data analysis, e-mail delivery, hosting services, customer service and to assist Us in our marketing efforts. #zynga
- Etsy Ireland UC may share some of the data it gathers with Etsy, Inc. (its U.S. parent company) or other Etsy affiliates for purposes described in this Privacy Policy, including for ID verification, transaction reviews and payment processing. #etsy
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