# Payment processor

> The company that takes a trader’s card or crypto payment for a challenge and settles it to the firm.

**Source:** https://proptechpal.com/glossary/payment-processor  
**Generated:** 2026-09-24  
**Publisher:** Prop Tech Pal — independent prop firm technology comparison

_Disclosure grades measure what a vendor publishes, never product quality. A vendor publishing a weak SLA scores better than one publishing none._

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Also called: PSP, payment service provider, payment gateway

## Why it matters

The hardest supplier for many new firms to secure, because not every processor accepts prop firms. A processor already integrated with the firm’s CRM can be switched on without a development project.

## Where it applies

- [Prop firm payment processors and payout software](https://proptechpal.com/categories/payments)

[The full glossary](https://proptechpal.com/glossary)