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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.

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Visa Interchange Rates 2024: What You Need to Know

Stax

As of October, Visa introduced a Digital Commerce Services fee on all card-not-present transactions (so all online transactions). However, they did remove the Address Verification Service (AVS) charge of $0.001 per transaction and the Card Verification Value 2 (CVV2) fee of $0.0025 per transaction. The fee is 0.0075%.