Payment service provider

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A payment service provider (PSP) offers merchants online services for accepting electronic payments by credit card or other payment methods such as payments based on online banking.

Typically, a PSP can connect to multiple acquiring banks and card networks, thereby making the merchant less dependent of financial institutions - especially when operating internationally.

Furthermore, a PSP can offer reconciliation services, risk management and multi-currency functionality.


[edit] External links

[edit] See also

E-Payment providers[1]


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