A transaction processor is an organisation, which provides technology to third parties to pay by fax, email, special physical devices or through the web.
We use a payment processor
since we do not have commitments with each and any bank of the world. The payment processors performs the real transaction for us. Thus, the transaction processor cuts down costs and added value, like automated generation of bill.
Under certail conditions
you may pay directly to a turingart bank account. Please take in account, that a direct wire transfer might be much more expensive than the usage of a transaction precessor. Extra cost corelated with several parameters, like your bank, the way you would like to pay or the country from where you initiate a money transfer.
If you are unsure
which way would be best to transfer money, please send an email. We are happy the help!