online payment service

It has been suggested that this article or section be merged with Payment Services Providers. (Discuss)

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. USPS - Online Payment Services Discontinued.

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