From Checkout to Your Account

A payment processor sits between the customer and the business and handles the technical side of a payment. You already use one: PayPal, Square and Stripe are all processors, and with crypto they do the same job. The customer scans a QR code or clicks a payment link and pays from their crypto wallet, an app that holds and sends crypto much like a banking app holds dollars. The processor checks the amount, converts it, and deposits dollars into your account, usually the next business day^[1]. One difference is worth knowing. A card payment passes through several intermediaries, each taking a cut, which is where card fees come from. A crypto payment skips several of those middlemen, so you can keep more of each sale. It also cannot be reversed, so there are no chargebacks, though you can still send a refund when one is needed.