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What Is A Payment Service Provider (PSP)?

Nanonets

​A payment service provider (PSP) is a company that provides online payments for e-commerce, similar to a credit card processor in a brick-and-mortar store. PSPs are usually used by merchants who sell online, although some may also provide services for offline sales as well. It charges $25 per month + 0.5%

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How Vendors Can Lower The Cost (And Risks) Of Card Acceptance

PYMNTS

For service providers pushing for commercial card adoption from corporate payers, convincing vendors to accept the payment solution needs a multi-layer approach. Financial services providers are indeed turning their attention to card-not-present fraud, a rising threat in B2B payments as commercial card adoption grows.