Thursday, September 4, 2014

payment service provider (PSP)

A payment service provider (PSP) offers (web) shops online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking.

Typically, they use a software as a service model and form a single payment gateway for their clients (merchants) to multiple payment methods

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