Platter

Glossary

What is Payment processor?

The company that moves card payments between your business, the card networks and banks.

Payment processor, explained

A payment processor authorises card payments, settles the money to your bank account and provides terminals or payment software. In Canada, processors work with Visa, Mastercard, American Express and Interac.

Why it matters for your restaurant

Your processor sets most of what you pay to accept cards, and its terminals need to work with your POS.

Payments in Platter

All glossary terms

See your restaurant running on Platter

A 30-minute demo with a product specialist, tailored to your menu and floor. No obligation.

Book a free demo
Book a free demo