An interposer fabricating process includes the following steps. A substrate, an oxide layer, and a dielectric layer are stacked from bottom to top, and an interconnect in the dielectric layer is provided, wherein the dielectric layer includes a stop layer contacting the oxide layer and the interconnect includes a metal structure having a barrier layer protruding from the stop layer. The substrate and the oxide layer are removed until exposing the stop layer and the barrier layer by a removing selectivity between the oxide layer and the stop layer. A wafer packaging structure formed by said interposer is also provided.