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Home Legal Dictionary Payment Vendor

Payment Vendor

Payment vendor definition (noun)

  1. A payment vendor, also known as a payment processor, is a third-party company that processes payments between businesses and customers. A payment vendor relays customers’ payment information, such as credit card information, to the merchant’s bank account.

    Examples of payment vendors include PayPal, Stripe, and Apple Pay.

Appears in: Privacy Policies and Terms and Conditions

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  • Products
    • Legal PoliciesAttorney-crafted documents and policies
      • Privacy Policy Generator
      • Terms and Conditions Generator
      • Disclaimer Generator
      • Return Policy Generator
    • Cookie Consent ManagerObtain consent & manage cookie preferences
    • Compliance ScannerScan your website for GDPR and CCPA compliance
  • Resources
    • TemplatesLegal policy templates and how-to guides
      • Privacy Policy Template
      • Terms and Conditions Template
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      • Return Policy Template
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    • What is GDPR?Termly’s simple guide to the GDPR
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    • Legal Dictionary
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