Payments processors are the most important part of HYIPs. Many programs depend on their stability and full functionality to work properly in the market and provide profits to their investors. Then what is payment processor? here are a few definitions from others.

“A Payment Processor offers merchants online services for accepting payment online including credit card, debit card, direct debit, bank transfer, and real-time bank transfers.” source

“A payment processor is a company (often a third party) appointed by a merchant to handle credit card transactions for merchant banks. They are usually broken down into two types—front-end and back-end, with a gray area in between.

Front-End Processors have connections to various Card Associations and supply authorization and settlement services to the merchant Banks’ Merchants. Back-End Processors accept settlements from Front-End Processors and, via The Federal Reserve Bank (FED), move the money from the issuing bank to the merchant bank. In some cases, the merchant bank gets the settlement information from Front-End Processors and in other cases, from the Back-End Processors. This is the gray area..” source.

Sometimes payment processor also known as electronic currency/electronic money, Based on the wikipedia definition: “Electronic money (also known as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are examples of electronic money. Also, it is a collective term for financial cryptography and technologies enabling it“.

Many e-currency used on hyips, they are libertyreserve, solidtrustpay, perpectmoney, alertpay, strictpay, etc. Future I`ll update this post for some e-currecy on hyips.