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Understanding Payment Processors Payment processors are used to transfer currencies on the internet. Different processors handle different currencies, therefore it is best to have 2 or 3 of them. It is also good to have more than one so that your funds are not tied up in just one account. Processors are widely used when earning online. Many sites use these processors to accept payments and to send you your withdrawals. Since the development of the crypto currencies, processors are used for buying or selling of these new currencies as well. On most processor sites, you can deposit funds from your bank or use a debit/credit card. Some sites offer debit cards for you to access your funds easily. There is a small one-time charge for these cards, but is worth it to have easier access to your earnings. We have chosen 3 such processors to use here at ECE, Payza, CoinPayments, and Coinbase. There are pros and cons to each one of these, but together they make a good team. Payza is a good choice as it is widely accepted online. They have a debit that you can purchase for a one time fee($20). Then you can transfer your funds to the card for instant access to them. Payza is now accepting Bitcoin, you can transfer bitcoin in, or withdraw to Bitcoin. However, you can not deposit fund from a debit/credit card and then purchase Bitcoin at this time. You are able to have a Bitcoin wallet and a USD wallet on Payza. There is a drawback as Payza does not accept certain countries, if this is case for your country you can use Payeer or Perfect Money. CoinPayments handle many different currencies. You can exchange not only dollars to bitcoin, but bitcoin to ethereum or any other currency that is accepted. For this CoinPayments is an excellent choice for online income, because no matter what currency you need, you can transfer from one to the other easily. Coinbase is currently handling Bitcoin, Ethereum, and Litecoin. You can also have a USD wallet. There are some limitations on the Ethereum and Litecoin at the time of this writing, you can purchase but certain deposits are not accepted for these coins yet. Check the site for more details on that.