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What are Payment Processors

I have been part of online money making programs for a long time, but I was never so much confused when I was requested to submit details of payment Processors whose account belongs to me. Whenever you will discuss about online banking or E-wallet then first thing that will be asked from you is that what is a Payment Processor? There are two methods to get rid of this question. First one is to skip this topic and start another one but second is to learn and discuss that one so we never face any difficulty again when we talk about that topic again. When I started the blog, there were two things that were I thinking to start. But it was quite boring to start discussions with introduction of Payment Processors. But people do not like to get bored because same topics are everywhere on internet and in offline books. The people wants to learn something new, unusual or extra ordinary. That is why I skipped the topics for later and started directly by discussing online Money Making Oppo