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What is Payment Service Provider?

A payment Service Provider is a third party that partners with acquiring banks to offer merchants the capability to accept and facilitate payments on their eCommerce store. Payment Service Providers accept all forms of payments based on online banking.
A Payment Service Provider can typically connect to a variety of acquiring banks, card networks, and payment networks.

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eCommerce Glossary

What is Payment Service Provider?

Want to read more on this topic? Check out our related resources:

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Ecommerce Insight:

Whitepaper :

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