Payment processors store your money in the form of e currency. E-currency is the online value of your money in the form of dollar or euro etc.
You would often find that the hosting companies provide various payment options for their customers. You can pay with your credit card or with a check or take the help of PayPal. But if your web hosting company is not providing you with the option of paying through PayPal then you should never go for that host. This is because PayPal is always regarded as the best option for paying your hosting company. There are various reasons why it is thought as the best.
Believe it or not, you can’t simply create a webpage and magically take credit card payments when you want somebody to join your one time or recurring membership site. You have to use an additional service that will take credit card payments for you and tell your membership software that you need to let somebody into your site. But which one should you use? It seems like there are hundreds and there are new payment processors popping up everyday so which one should you use?