Payment processors play a vital role for UK businesses by enabling secure, efficient, and reliable transactions both online and in-store. They manage key functions such as customer authentication, fraud prevention, and the transfer of funds, ensuring payments run smoothly. Leading providers in the UK include PayPal, Stripe, Adyen, and Worldpay, while innovative newcomers like Wonderful are leveraging open banking to cut costs and deliver instant settlements. Selecting the right payment processor is crucial for improving efficiency, building customer trust, and enhancing the overall payment experience.
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