Glossary · Running the business
Payment processor
- Also called
- payment gateway
- acquirer
- PSP
- payment service provider
What it means
In a prop firm, the payment setup usually involves a payment gateway or orchestration layer at checkout, a processor that routes transactions, and an acquiring bank that holds the merchant account and settles funds. Some providers combine all three roles.
Prop firms are generally treated as high-risk merchants. Mainstream processors may decline them or close accounts after review, so many firms use high-risk specialists, multiple processors with failover, and crypto payment options alongside cards.
Processor terms cover pricing, rolling reserves, settlement timing, chargeback handling, restricted countries and which products may be sold. Selling outside those terms is a common reason accounts are closed.
Related terms
Read these next.
High-risk merchant account
Merchant category code
Rolling reserve
Chargeback
Restricted countries
On your website
Where this shows up on a prop firm site.
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